Apr 17, 2025 · What is a pension & how does it work? If you earn a pension during your working years, you have a source of retirement income that can last as long as you live. That's a guarantee some …

Apr 5, 2025 · Employers make regular contributions to a pool of money set aside to fund payments to eligible employees after they retire. Traditional pension plans in the U.S., known as defined-benefit …

The first Act to follow was the Pensions Act 2004 that updated regulation by replacing OPRA with the Pensions Regulator and relaxing the stringency of minimum funding requirements for pensions while …

Sep 23, 2025 · Though 401 (k)s dominate the workplace, pensions remain vital in providing structured retirement income and tax advantages for many employees. A pension is an employer-sponsored …

Aug 22, 2025 · Pensions are often paid monthly for the rest of the retiree’s life or in a lump sum upon retirement. In most cases, pension income is calculated as a proportion of an employee’s earnings …

May 24, 2023 · Here's how pensions work and what options are available if you don’t have access to one.

Jul 18, 2024 · Pensions are retirement plans that provide income for employees after they retire. Employers, employees or both may contribute depending on the specifics of the pension.

Nov 21, 2021 · A pension is a retirement plan that provides a monthly income. The employer bears the risk and responsibility for funding the plan. Learn more about how pensions work.

OPM is here to help you transition from serving the American people to enjoying your retirement. These links are useful to new and existing retirees throughout their retirement journey.

Mar 8, 2024 · Similar to defined contribution plans like 401 (k), 403 (b) and profit-sharing plans, which have become more common, pensions are offered through an employer. In contrast to defined …