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Plan for a Comfortable Retirement with S.Meera’s Pension Plan- Invest in Your Retirement Today!

What is a pension plan?

A pension plan is a type of retirement plan that provides a guaranteed income to an individual after they retire. A pension plan is usually sponsored by an employer or a labour union, and it is designed to provide financial security to employees after they retire.

Under a pension plan, the employee contributes a portion of their salary into the plan, and the employer may also contribute a portion of the employee’s salary into the plan. The contributions are then invested to generate returns, which are used to pay out retirement benefits to the employee.

  • Offer a guaranteed retirement income to participants, which can help provide financial security and peace of mind during retirement.
  • Contributions to a pension plan are usually tax-deductible, which can help reduce the taxable income of the participant.
  • Help ensure that the plan's investments are diversified and appropriate for the participant's retirement goals and risk tolerance.