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Pension is defined as a fixed amount, other than wages, paid at regular intervals to a person or to person's surviving dependents. Retirement plans may be set up by employers, insurance companies, the government or other institutions. Social and state pensions / Social Security Many countries have created funds for their citizens and residents to provide income when they retire. Disability pensions some pension plans will provide for members in the event they suffer a disability below the normal retirement age.
Pension is defined as a fixed amount, other than wages, paid at regular intervals to a person or to person's surviving dependents. Retirement plans may be set up by employers, insurance comp…