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About employer Pension and its Benefits

November 11th, 2011 . by admin

A pension is a steady supply of finance after retirement when employees are no longer steady to earn from employment. Pensions are paid in short intervals that are paid at regular intervals.

 

People who do service are entitled to employer pension. For the service a person is contributing towards the company, a percentage of his salary is deducted and kept in reserve, at the same time a percentage of money is contributed from the employer’s side.

 

This percentage can be equal to the amount that the employee is contributing from his salary or more than that depending upon the company policy. Those who are not entitled to employer pension must arrange for private pension as this is a crucial source of income after retirement from work.

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