Stories Related to Pension System Looks Strong

Florida’s $143 billion pension fund has been on a “circular roller coaster ride” this year, which could result in the first year of a negative return since the fund plummeted 19 percent in 2009.

Sections:  u.s.   
Topics:  Florida   Alachua County   Gainesville   
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  • What is a pension and how does it work? | Empower
    A pension plan is a benefit plan established by either an employer or a union (or another employee organization) to help employees save for retirement. The plan, depending on the type offered, may either guarantee workers a certain income during retirement or help them defer income for retirement.
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    A pension plan is a type of retirement plan where employers promise to pay a defined benefit to employees for life after they retire. It’s different from a defined contribution plan, like a 401 (k), where employees put their own money in an employer-sponsored investment program.
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    A pension is a retirement plan that provides a monthly income in retirement. Unlike a 401(k), the employer bears all of the risk and responsibility for funding the plan. A pension is typically based on your years of service, compensation, and age at retirement.
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    A pension is a retirement-savings plan, typically employer-funded, that gives you regular payments in retirement. A 401 (k) is a workplace retirement plan that gives employees a tax break...
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