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2. A complete guide to 401(k) retirement plans: What is a ... - AOL

   www.aol.com/finance/complete-guide-401-k...

   Unlike traditional pension plans, in which the employer promises a specified monthly benefit at retirement, 401 (k) plans are funded by contributions deducted directly from the employee’s ...

3. Public employee pension plans in the United States - Wikipedia

   en.wikipedia.org/wiki/Public_employee_pension...

   Retired pay for U.S. Armed Forces retirees is, strictly speaking, not a pension but instead is a form of retainer pay. U.S. military retirees do not vest into a retirement system while they are on active duty; eligibility for non-disability retired pay is solely based upon time in service. Unlike other retirees, U.S. military retirees are ...

4. Gen X is the 401(k) 'experiment generation.' Here's how that ...

   www.aol.com/finance/gen-x-401-k-experiment...

   In many ways, Gen X — those born between 1965 and 1980 — has led our nation’s experiment in the shift away from a pension system to a 401 (k) system, requiring individuals to save and ...

5. Aon Hewitt - Wikipedia

   en.wikipedia.org/wiki/Aon_Hewitt

   Aon Hewitt (formerly known as Hewitt Associates) was a provider of human capital and management consulting services headquartered in Lincolnshire, Illinois in the United States. From 500 offices in 120 countries, it provided consulting, outsourcing, and reinsurance brokerage services. The "Aon Hewitt" brand and legal entities have now been ...

6. Retirement plans in the United States - Wikipedia

   en.wikipedia.org/wiki/Retirement_plans_in_the...

   Types of retirement plans. Retirement plans are classified as either defined benefit plans or defined contribution plans, depending on how benefits are determined.. In a defined benefit (or pension) plan, benefits are calculated using a fixed formula that typically factors in final pay and service with an employer, and payments are made from a trust fund specifically dedicated to the plan.

7. 'Stick to the plan': Readers weigh in on early retirement - AOL

   www.aol.com/finance/stick-plan-readers-weigh...

   The average age of a retirement account millionaire is 59. The majority of these savers, however, were power savers. They socked away 17.5% of their pay on average. Their employers contribute an ...