Hi Friends,This presentation provides the details about the pension plan and its benefit.You can know now that why pension plan is important for life and in old age.For more details visit here :- www.thepolicykart.com..also you can check cons and pros of this plan also,because many companies provide pension plan,but the executive didn't provide the proper details to them.

1. Pension plan

2. Pension plan
•Pension plans are individual retirement plans
that let you allocate a part of your saving for
your future.
•A pension plan can be understood as a plan
that guarantee you to provide a good salary
after your retirement.

3. Importance
•It ensures a financial support in your post
retirement age.
•It ensures your independency for money,
even in those days when there will be no
income and job in your life.
•It is a planning for secure future.

4. Qualified pension plans
•Defined benefit plan (DB)
•Defined contribution plan (DC)

5. Defined benefit plan
• Defined benefit pension plan guarantees a certain payout at
retirement, for life.
• Amount of pension is paid according to a fixed formula
which usually depends on the member's salary and the
number of years' membership in the plan.
• If the pension plan allows for early retirement, payments
are often reduced to recognize that the retirees will receive
the payouts for longer periods of time.

6. Defined benefit plan
• In most pension plans, the employee, the employer,
or both may make contributions.
• plans are better for people who have 20 years until
retirement or less, since the annual contributions can
be larger.
• If there is any shortfall in the money required, your
employer must pay the difference.

7. Defined contribution plans
• A defined contribution plan will provide a payout at retirement
that is dependent upon the amount of money contributed and the
performance of the investment vehicles utilized.
• DC allows the employer and/or employee to make
contributions, so that the final benefits depend on how much
was in the account and the rate earned by the account's
investments.
• An individual account must be set up for each participant in the
plan.

8. Defined contribution plans
• With a DC plan, contributions are guaranteed, but
retirement income is not.
• You are responsible for investing all contributions to grow
your savings. In this way, the plan is similar to an RRSP
(Registered retirement Saving Plan)
• The amount available for your retirement depends on the
total contributions made to your account and the investment
returns this money earned.

9. Why thepolicykart?
• Compare and buy the best retirement plan at Thepolicykart
• We understand your need and preferences.
• We make your comparison easy and systematic.
• We believe, a right pension plan makes a secure plan for your
retirement in a phased manner.
• We always advise to choose the best retirement plan that can act
as a savior of your life in those golden years.
• We believe in your satisfaction.