Pension plans are typically set up as a trust, with the employer as settlor, and the employees and their dependents as beneficiaries.

Pension plans are therefore a form of " deferred compensation ".

Examples include Cash Balance and Pension Equity plans.

In the United States, non-church-based private employers must pay an insurance-type premium to the Pension Benefit Guaranty Corporation, a government agency whose role is to encourage the continuation and maintenance of voluntary private pension plans and provide timely and uninterrupted payment of pension benefits.

Pension plans can be set up by your employer, matching your contribution each month, by the state or personally through a pension scheme with a financial institution, such as a bank or brokerage firm.

Pension plans often come with a tax break depending on the country and plan type.

Bradley Belt, former executive director of the PBGC ( the Pension Benefit Guaranty Corporation, the federal agency that insures private-sector defined-benefit pension plans in the event of bankrupment ), testified before a congressional hearing in October 2004, “ I am particularly concerned with the temptation, and indeed, growing tendency, to use the pension insurance fund as a means to obtain an interest-free and risk-free loan to enable companies to restructure.

* September 9 Federal bankruptcy judge Arthur Gonzalez denies Enron's request to block a lawsuit by the Pension Benefit Guaranty Corporation, seeking to take control of Enron's pension plans.

The Pension Benefit Guaranty Corporation filed a lawsuit in June to force Enron to pay approximately $ 320 million owed to former employees under four pension plans.

The Writers ’ Guild Pension Scheme provides personal pension plans customised for freelance writers who may need to make irregular and sometimes small pension contributions.

Both Pressers were also trustees of the Teamster's Central States Pension Fund, one of the richest and most influential pension plans in the nation.

In 1962, Jay Sarno, a cabana motel owner, used US $ 35 million that had been lent to him by the Teamsters Central States Pension Fund to begin plans for a hotel on land owned by Kirk Kerkorian.

Title IV created the Pension Benefit Guaranty Corporation ( PBGC ) to insure benefits of participants in underfunded terminated plans.

As of 2008, the courts have generally rejected the notion that cash balance plans discriminate based on age, while the Pension Protection Act of 2006 offers relief for most hybrid plans on a prospective basis.

The Pension Protection Act signed into law on August 17, 2006 contained added provisions for these types of plans allowing the distribution of the cash balance account as a lump sum.

The Employee Retirement Income Security Act ( ERISA ) does not provide insurance from the Pension Benefit Guaranty Corporation ( PBGC ) for Defined contribution plan, but cash balance plans do get such insurance because they, like all ERISA-defined benefit plans, are covered by the PBGC.

* 1974: Employee Retirement Income Security Act ( ERISA ) – imposed reporting and disclosure obligations and minimum standards for participation, vesting, accrual and funding on U. S. plan sponsors, established fiduciary standards applicable to plan administrators and asset managers, established the Pension Benefit Guaranty Corporation to ensure benefits for participants in terminated defined benefit plans, updated the Internal revenue Code rules for tax qualification, and authorized Employee Stock Ownership Plans (" ESOPs ") and Individual Retirement Accounts (" IRAs ").

In 1980 there were approximately 250, 000 qualified defined benefit pension plans covered by the Pension Benefit Guaranty Corporation.

He was also a strong advocate of the Employee Retirement Income Security Act of 1974, which protected the interests of participants in private pension plans and established the Pension Benefit Guaranty Corporation.

Employee benefits in Canada might include additional health coverage that is not included in the provincial plan ( such as medical, prescription, vision and dental plans ); Group Disability ( STD / LTD ), Employee Assistance Plans ( EAP ), Group Term Life & Accidental Death & Dismemberment, health and dependent care ; retirement benefit plans ( in addition to Canada Pension Plan ( CPP )); and long term care insurance plans ; legal assistance plans ; transportation benefits ; and possibly other miscellaneous employee discounts: wellness programs, discounted shopping, hotels and resorts, and so on.

The practice became more common during the 17th century — 11 people were made Benchers between 1600 and 1630 — and in 1614 one of the Benchers appointed was explicitly allowed to be a member of Pension.

This became more common, creating a two-rank system in which both Readers and Benchers were members of Pension.

When Francis Bacon became treasurer in 1608 more improvements were made, since he no longer had to seek the approval of the Pension to make changes.

In 1954, AFTRA negotiates the AFTRA Pension and Welfare Plan ( later became the AFTRA Health and Retirement Funds ) which stands as the industry's first benefit package and is negotiated into other agreements.

After his retirement on February 6, 1882, he became architect of the Pension Office Building, now home to the National Building Museum.

Paul Gauguin and Laval both came to Pension Gloanec in Pont-Aven in 1886 and became friends.

On October 1, 1954, the Boilermaker National Health and Welfare Fund was established, on November 9, 1959, the Boilermakers National Joint Apprenticeship Fund began, and the Boilermaker-Blacksmith National Pension Trust became effective October 1, 1960.

Pension payments were made until the 1990s, but they then became erratic and stopped altogether in 2003.

* Pension Benefit Guaranty Corporation ( PBGC )-A United States government organisation

* Administration on Aging ( Pension Counseling )-A United States government organisation

* Guaranteed Minimum Pension, a term used under United Kingdom pensions legislation

Rooth was head of the Investment Committee of the United Nations Pension Fund from 1947 to 1961, and he was also head of the Currency Board in Kuwait from 1960 to 1962.

Central Laborers ' Pension Fund v. Heinz, 541 U. S. 739 ( 2004 ), is a case that was argued in the Supreme Court of the United States on 19 April 2004.

In 1981, Eastern Realty Investment Corp. ( the real estate investment arm of the Electric Supply Pension Scheme, a pension plan based in the United Kingdom ) purchased L ' Enfant Plaza itself, La Promenade, the North Building, the South Building, and the L ' Enfant Plaza Hotel building.

In June 2006, Walmart was excluded from the investment portfolio of The Government Pension Fund of Norway, which held stock values of about US $ 430 million in the company, due to a social audit into alleged labor rights violations in Walmart operations in the United States, Canada, Latin America, Africa, and Asia.

* Growth and Decline of Defined Benefit Pension Plans in the United States.

In the United Kingdom an Unsecured Pension ( USP ), still popularly referred to as income drawdown, permits an individual to make withdrawals from a private pension fund from a permitted age before buying an annuity.

A Simplified Employee Pension Individual Retirement Arrangement ( SEP IRA ) is a variation of the Individual Retirement Account used in the United States.

The Pension Benefit Guaranty Corporation ( PBGC ) is an independent agency of the United States government that was created by the Employee Retirement Income Security Act of 1974 ( ERISA ) to encourage the continuation and maintenance of voluntary private defined benefit pension plans, provide timely and uninterrupted payment of pension benefits, and keep pension insurance premiums at the lowest level necessary to carry out its operations.

* Pension ( United States )

The 3 acre lot, adjacent to Evanston's Alexander Park, was the location of a 55, 000-square-foot building that was once the headquarters of the General Board of Pension Funds for the United Methodist Church.

The Ontario Teachers ' Pension Plan is a signatory to the United Nations-backed Principles for Responsible Investment Initiative ( PRI ).

The historic district includes a number of culturally, aesthetically, and historically significant structures and places, including Pennsylvania Avenue NW from the White House to the United States Capitol, the Treasury Building, Freedom Plaza, Federal Triangle, Ford's Theatre, the Old Patent Office Building, the Old Pension Office Building ( which now houses the National Building Museum ), Judiciary Square, and the Peace Monument.