Pension Plan Design and Management
Are you considering establishing a pension plan for your company? A pension is a retirement account that an employer maintains to provide a fixed payout to an employee when they retire. It is a kind of defined benefit plan.
The payout typically depends on, the employer, how long an employee has worked for the company employer and their salary. When retiring, the employee would select between a lump-sum payout or a monthly "annuity" payment.