Defined Contribution Pension

Some articles on pensions, pension:

Social Security (United States) - Current Controversies - Contrast With Private Pensions
... Although Social Security is sometimes compared to private pensions, the two systems are different in a number of respects ... Unlike a pension, for example, Social Security pays disability benefits ... A private pension fund accumulates the money paid into it, eventually using those reserves to pay pensions to the workers who contributed to the fund and a private system is not universal ...

Famous quotes containing the words pension, defined and/or contribution:

    It is a sort of ranger service. Arnold’s expedition is a daily experience with these settlers. They can prove that they were out at almost any time; and I think that all the first generation of them deserve a pension more than any that went to the Mexican war.
    Henry David Thoreau (1817–1862)

    Social history might be defined negatively as the history of a people with the politics left out.
    —G.M. (George Macaulay)

    Sometimes I think that idlers seem to be a special class for whom nothing can be planned, plead as one will with them—their only contribution to the human family is to warm a seat at the common table.
    F. Scott Fitzgerald (1896–1940)