A pension plan is a retirement account funded and managed by your employer, guaranteeing income for life after you retire. Unlike a 401(k), a pension doesn’t rely on the stock market — your employer ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. David Kindness is a Certified Public Accountant (CPA) and an expert in the fields of ...

The generosity of pensions provided to public-sector workers has come under increased scrutiny as states and local governments search for ways to close their budget deficits. The intense and ongoing ...

Our multiemployer pension plan example offers several lessons including this: It is not enough for an employer in a multiemployer pension plan to abide by its contractual obligations. It must closely ...

Data from the Bureau of Labor Statistics indicate that just 15% of private industry employees have access to a pension, also known as a defined benefit plan. Employers began moving away from these ...

Pensions aren't as common as they used to be, but there are a number of careers that offer them, especially in the public sector. 401(k)s have replaced pensions at a number of jobs. Both can be ...

Learn what Accumulated Benefit Obligation (ABO) is, how it affects pension plans, and why understanding it is crucial for ...

Buyout decisions have become increasingly common for those with a pension plan. If you get this offer, the most important ...