Although this site is focused on pension rights and obligations in the divorce process, it has some good general definitions and information for any reader.
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A pension plan is a tax deferred savings plan. Typically, during years of employment, monetary contributions are made by the employee and/or on behalf of the employee by the employer to a retirement plan. The contributions and the earnings generated accumulate over time, tax free, until retirement.
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Date Added: Feb 28, 2010 Hits: Rating: 0.00 Votes: 0