How can I secure my pension after retirement

[Favour67]

I have heard alot about pension but how can someone secure a future with pension after retirement, what are the things I need to do or group that needs to be joined.

 

[Sariana23]

To secure the pension when you are of the appropriate age, you must work in a government institution. If this is not your case, you should go to a banking agency in your country and request information to complete the requirements and start paying to secure the pension. There are companies where you can also register in order to start quoting payments.

 

[btaliat]

If you are a government worker, you don't need to worry because it will be taken care of by the government who is your employer. But if is private worker, it depends on your organization, some companies have provisions for it while some don't but there are some pension agents that do register individuals.

 

[Dorcey]

It depends on your country. In my country, government takes care of pension if you are working for them. You will get your pension when you retire. As well, some private companies register their workers for pension scheme but not all.

 

[Kamon c4]

Pension is a scheme structuralized to create a means of income for retirees. In order to be eligible for pension, you need to be involved with a pension company provided you’re private company employee. Government institutions workers have prepared pension scheme set out for them by the government in which little deductions are removed from their monthly income

 

[Seun4luv]

PBGC insures defined benefit plans offered by private-sector employers. Most defined benefit plans promise to pay a specified benefit; usually a monthly amount, at retirement for life. Pension retirement is a very good arrangement for those that have serve the government.

 

[Alexandoy]

In our country the pension mainly comes from the government although there are pension packages that you can pursue from insurance companies. You will be paying the monthly premium and at the end of the agreed (20 years or so) you will receive a lump sum or a monthly pension for life. However, it is scary to be depositing the monthly premium for a pension fund for 20 years. What if the agreed total amount of the pension plan is meager because of the inflation? Gee, 20 years is a long time.

 

[Erik4150]

If you want to be receiving pension funds after retirement there are some key conditions you need to fulfill before you can be qualified. In my country you must have spent thirty-five years in service and you must be at least sixty years old before you can receive monthly pension funds.

 

[Sammyesx]

An employee that works in an organization mostly government owned is entitled to a pension provided he/she worked to the stipulated age according to the organisations pension scheme, though some organizations delay in paying their ex workers their pension.

 

[Oliver 20]

Distress termination: If a plan is not fully funded, an employer can apply to terminate the pension plan if the company is under financial distress. “However, the employer must prove to a bankruptcy court or to PBGC that the employer cannot remain in business unless the plan is terminated,” according to PBGC. “If the application is granted, PBGC will take over the plan as trustee and pay plan benefits, up to the legal limits, using plan assets and PBGC guarantee funds.”

 

[HIFSA LAHORI]

Government employees do not have to worry about this because it is the government's responsibility.

 

[Richard92]

You can secure your pension after retirement by first and foremost planing and preparing for the pension while in service (while you are still working). Pension is what is been planned by the workers and also the organization they are working for. The pension the receive after retirement is some percentage of their salaries which they decide to save while working.

 

[Optimist1709]

The only thing to do to secure your pension after retirement is to invest in physical project. That alone will give you rest of mind and confidence to survive incase something naughty happened

 

[Henrywrites]

I have heard alot about pension but how can someone secure a future with pension after retirement, what are the things I need to do or group that needs to be joined.

Your salary bank can be of help to setting up a pension fund for you. This is done in a way that at the payment of your salary monthly, a part of the money is kept in your pension account which will enable you have something to fall back on once you retire.

 

[Zubair]

You can Secure your pension by starting a business. Although it needs some investment but it generates daily income too. It will help you to keep your pension save. Another method is to apply for other job according to your skills and potential to meet your daily expenses of house.

 

[Abbas007]

The way to save your pension is to set up your own business instead of depositing it in a bank. My own uncle is running a clothing business. He was an officer in the army.

 

[ranaabubakar263]

Pensions are very valuable and it’s only right that if you put your savings in them you can be confident about your money being safe - and that you’ll receive the correct benefits.There are many different regulations that pension schemes and employers have to conform to, to make sure that your pension is well protected.

If things do go wrong, there are a number of organisations that work to ensure your interests are looked after.

 

[EMMANUEL]

If you’re fortunate enough to have a pension, there’s a certain relief you may feel that no matter what, when you retire, you’ll get a set amount of money every month for the rest of your life.

 

[Adebayonle7]

You should ensure that you have all the right things and processes in place before your retirement to avoid stories and disappointments. This is a country where nothing works until you've known someone in power or in authority to help you with what you need. Same with pensions and getting it. You need to already have the connections before your retirement and prepare all proper procedures to gain it when you have finally retired. If you don't, you will have little or no success getting it.

 

[Taimoor Jutt]

Just putting that money into banks if you wany to secure and save it. If you really want to increase and get profit then you can invest it anywhere, even banks give intrest and profit on money you deposited in the Bank Account.