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68Pension Plan Basics
A pension is an important component of retirement income. If you participate in a private pension plan operated by your employer or wish to enroll in one, understanding how such a plan works is important....
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51Glossary of Retirement Planning Terms
401(k) Plan: In this type of defined contribution plan, the employee can make contributions from his or her paycheck before taxes are taken out. The contributions go into a 401(k) account, with the employee...
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44What is the Pension Benefit Guaranty Corporation
PBGC is a federal corporation created by the Employee Retirement Income Security Act of 1974. It currently protects the pensions of nearly 44 million American workers and retirees in 30,330 private...
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63What is Employee Retirement Income Security Act ERISA
The Employee Retirement Income Security Act of 1974 (ERISA) is a federal law that sets minimum standards for most voluntarily established pension and health plans in private industry to provide...
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