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Employee pension plans
Helping your employees plan their retirement, can be an important
component to a total employee benefits package.
W.P.G. and B.P.G. can serve
as consultants to help you choose the correct plan to meet the
requirements of your business and your employees.
Group Pension plans take one of two basic forms:
- Defined benefit plans.
- Defined contribution plans.
In Defined benefit plans, the formula to determine
the pension benefit at retirement is known, while the amount of
funds necessary to achieve this benefit are not known.
In Defined contribution plans, the contributions
going into the plan are known, but the final payable benefit is
not.
Knowing and being able to implement the plan that meets business
and employee needs is important and takes the expertise that B.P.G.
can provide.
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