A defined benefit pension plan usually is a type of retirement plan that an employer establishes for its employees. Upon retirement, the employee receives a fixed annuity. The annuity typically makes biweekly or monthly payments to the employee for life. The annuity may also pay a survivor benefit to the employee’s spouse after the employee’s death.
This guide is not intended to provide investment advice, and you should not rely on statements in this guide when making investment decisions.
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