Pension

The examples and perspective in this article or section may not represent a worldwide view. Please improve the article or discuss the issue on the talk page. A pension is a steady income given to a person (usually after retirement). Pensions are typically payments made in the form of a guaranteed annuity to a retired or disabled employee. Some retirement plan (or superannuation) designs accumulate a cash balance (through a variety of mechanisms) that a retiree can draw upon at retirement, ra ...