A method of funding a pension. Only one premium payment is made per year and used to purchase a single benefit. This is done for each year of service to the employer. Usually, an annuity is purchased.
The Rantings of the barely human.
A method of funding a pension. Only one premium payment is made per year and used to purchase a single benefit. This is done for each year of service to the employer. Usually, an annuity is purchased.