In the USA, over 5,550 pension plans are sponsored by state and local governments. Data from 2018 shows that more than 80% of full-time employees working for local and state governments have used defined benefit pension plans, aka the DB. Moreover, access to such arrangements was given to nearly 95% of those workers. In contrast, …Continue reading "Guide to State Pensions in the USA"
U.S. legislation contains a deluge of pension laws that may or may not be simple to comprehend. Before diving into some of those laws, it’s worth noting that experts believe a pension fund for a comfortable retirement should equal to around 80% of an employee’s previous earnings. Unfortunately, the majority of middle-class citizens are hindered …Continue reading "US Social Security Pensions Explained"
The pensions system in the Land of the Free is complicated to grasp if you’ve never thought about securing a safe retirement and a quality lifestyle in old age. In the U.S., citizens who opt for a pension plan generally live off the benefits for approximately twenty years. For some, this is a long time. …Continue reading "USA Pensions Guide: How Does Retirement Work?"
Statistics claim that, on average, most Americans spend around twenty years in retirement. That is a long time considering the benefits and funds needed to secure a quality and comfortable lifestyle. However, the retirement situation in the U.S. is quite a complicated matter involving a string of pension laws. In recent times, it’s been extremely …Continue reading "Is There a Minimum Pension in the USA in 2019?"