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This article is within the scope of WikiProject Business, a collaborative effort to improve the coverage of business articles on Wikipedia. If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks.BusinessWikipedia:WikiProject BusinessTemplate:WikiProject BusinessWikiProject Business
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Text or other creative content from Retirement plan was copied or moved into Pension. The former page's history now serves to provide attribution for that content in the latter page, and it must not be deleted as long as the latter page exists.
Latest comment: 2 years ago1 comment1 person in discussion
The page starts with "A pension (/ˈpɛnʃən/; from Latin pensiō 'payment') is a fund into which amounts are paid regularly during the individual's working career, and from which periodic payments are made to support the person's retirement from work." This isn't always true. The UK state pension for example is not based on a fund. Current payments are made from general revenues. There is no direct connection to the national insurance payments made by the recipients or by current contributors and which are supposedly used to pay for it. The total paid in is notably smaller than the total paid out!