In India, there are several forms of pension plan available like a deferred annuity, life annuity, immediate annuity, and much more. (policyx.com)
However, over the longer term, a prolonged adverse economic climate may make some employers review their commitment to keeping this form of pension scheme open to new employees. (news.bbc.co.uk)
They could work another year for 100 percent of their salary, or they could retire from working, do something else, and still receive a large portion of their salary in the form of a pension. (educationnext.org)