Pensions

Defined Benefit
A provision of a pension scheme in which the benefits to be received by the pensioner are predetermined and do not depend on the performance of the pension fund.
Average Earnings Scheme
Definition and analysis of the term "average earnings scheme," including its practical applications and relevance in economics.
Defined Contribution
Provision of a pension scheme where contributions are fixed and benefits are determined by the pension fund accumulated
Individual Retirement Account
Understand the concept and nuances of Individual Retirement Accounts (IRAs), a key retirement saving tool in the US providing tax advantages.
Pensionable Age
The age at which a pension becomes payable, either from the state or an occupational pension scheme. It varies by occupation, country, and sometimes by gender.