Pension Plan

The term pension plan is synonymous with pension. Please refer to the Annuity Digest glossary definition for pension which can be viewed here:

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Can a 10 year variable annuity with 5 year penalties be cashed out after 5 years without penalty?

You need to take a look at the surrender charges your particular VA contract.

Congress is Considering Annuities to Help Retirees Address Longevity Risk

Through the Senate Special Committee on Aging, U.S. lawmakers and regulators have been conducting hearings focused on retirement security issues. The hearings are a follow-up to a recent request for comment on the same topic from the U.S. Labor and Treasury Departments.

Government Workers as the Fastest Growing Group of Millionaires

Forbes publisher Rich Karlgaard wrote an interesting and entertaining piece in his blog. Karlgaard discusses the growing disparity beteen the incomes of public sector or "government" workers versus their private sector counterparts. Many would assume that private sector employees are on the advantageous side of this disparity. This is not, however, the case.
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