Under this system, your contributions may be capped, your promised benefit is not
guaranteed upon retirement, and it can even be reduced after you have retired.
Not exact matches
A pension, for those lucky enough to have one, offers a
guaranteed check every month for the rest of your life
upon retirement.
After all, these teachers would qualify for a
guaranteed stream of pension income every month
upon retirement if they stay just one more year.
Approaching 65, I was interested in purchasing a
guaranteed annuity
upon my
retirement.