LIC Pension Plans Premium/ Maturity Calculator - A Pension Plan is a basically known as retirement plan which required an employer to make contributions into a pool of funds. The pool of fund is invested behalf of employee, and the tax exempt earnings on the investments generate an income benefit to the worker upon retirement.
In addition to an employer's required contributions, some pension plans have a voluntary investment component. A pension plan (retirement plan) allow an employee to contribute a part of his/her current income from wages into an investment plan to help fund retirement. The employer may also match a portion of the worker’s annual contributions, up to a specific percentage. There are two main types of pension plans: defined-benefit plans and defined-contribution plans.
Do you look forward to retirement? Of course, Yes! After several years of hard work, you would surely want to relax! But to lead a stress-free relaxed life post retirement, you must be away from financial worries. You need to ensure that your savings meet your medical, housing, food, and travel expenses. Have you calculated how much money you need to save by retirement?
Use our Retirement Savings calculator to find out how much you need to save by your targeted retirement date.Let's Calculate!
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