| | Pension - Voyager, the free encyclopedia (Site not responding. Last check: 2007-10-22) |
 | | Although a lottery may provide a pension, the common use of the term is to describe the payments a person receives upon retirement, usually under pre-determined, legal and/or contractual terms. |
 | | Pension plans are a form of "deferred compensation" and became popular in the United States during World War II, when wage freezes prohibited outright increases in workers' pay. |
 | | These assumptions include the average retirement age and life span of the employees, the returns earned by the pension plan's investments and the cost of insurance from the Pension Benefit Guaranty Corporation which is predicted to increase in the near future. |
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