Types of Pensions: Pensions can be classified as follows: * Employment based Pension Plans: These are also have it off as Retirement Plans. In this case a moderate amount of benefit is provided to an employee when they no longer have any income after retirement. Depending on the benefits Employment pension Plans can be divided into Defined-Benefit Pen sion Scheme or Defined Contribution Pension ! Scheme. * Defined-Benefit Pension Scheme * Defined Contribution Pension Scheme * kind and State Pensions: Government in both(prenominal) developed countries alike UK, Canada, US etc. provides funds to the residents and citizens of that kingdom to provide complaisant and economic security. * Disability Pension: These types of pension plans do non depend on the age of the person. Disability Pensions are provided to the disabled...If you wish to get a full essay, order it on our website: OrderEssay.net
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