Planning for retirement starts with understanding the different types of pension plans available today. đŒđ
đč Defined Benefit Plans â Guaranteed income after retirement based on salary and years of service.
đč Defined Contribution Plans â Contributions are invested, and returns depend on market performance.
đč National Pension System (NPS) â A flexible retirement savings option with tax benefits.
đč Annuity Plans â Provide regular income payouts after retirement.
đč Public Provident Fund (PPF) â Long-term savings with government-backed security.
đč Employee Pension Schemes (EPS) â Retirement benefits for salaried employees under EPF.
Choosing the right pension plan can help secure your financial future and provide peace of mind during retirement years.
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