Underfunded Pension Plan: Definition, Eligibility, Common Questions

Underfunded Pension Plan: Definition Underfunded pension plans typically arise when a company fails to contribute enough money to its pension fund to meet its future obligations. This can occur due to various reasons, such as poor investment performance, economic downturns, or inadequate funding policies. When a pension plan becomes underfunded, …

Teacher Retirement System TRS What It Is And How It Works

Teacher Retirement System (TRS) The Teacher Retirement System (TRS) is a pension program that provides retirement benefits to teachers and other educational employees in certain states. It is designed to help educators save for their future and ensure financial security after their careers in the education field. TRS operates as …

Superannuation: Everything You Need to Know About Plans and How They Work

Superannuation: A Comprehensive Guide to Retirement Plans Superannuation plans are typically offered by employers as part of their employee benefits package, although individuals can also set up their own superannuation funds. These plans allow individuals to contribute a portion of their income, which is then invested and grows over time. …

Ontario Teachers’ Pension Plan Board (OTPPB) Overview

About OTPPB The Ontario Teachers’ Pension Plan Board (OTPPB) is one of the largest pension funds in Canada. With over 330,000 members, we are committed to providing secure and sustainable pensions for Ontario’s teachers. Our Mission At OTPPB, our mission is to invest and manage the pension fund assets to …

Money Purchase Plan: Definition and Benefits

What is a Money Purchase Plan? A money purchase plan is a type of retirement savings plan that allows individuals to contribute a certain amount of money to their retirement account on a regular basis. This type of plan is typically offered by employers as a benefit to their employees. …

Government Pension Fund of Norway (GPFN) Overview

Government Pension Fund of Norway (GPFN) Overview The Government Pension Fund of Norway (GPFN) is a sovereign wealth fund established by the Norwegian government in 1990. It is one of the largest pension funds in the world and is managed by Norges Bank Investment Management (NBIM). The main objective of …

Deferred Profit Sharing Plan DPSP What It Is and How It Works

What is a Deferred Profit Sharing Plan (DPSP)? A Deferred Profit Sharing Plan (DPSP) is a type of retirement savings plan that allows employees to share in the profits of their company. It is a voluntary plan that is offered by employers as a way to incentivize and reward their …

Cash Balance Pension Plan: All You Need to Know

What is a Cash Balance Pension Plan? A cash balance pension plan is a type of retirement savings plan that combines features of both traditional defined benefit plans and defined contribution plans. In a cash balance plan, the employer contributes a set percentage of an employee’s salary into an individual …