Politics & Government
What is a Pension?
This short and sweet video explains the functions of a pension.
A pension is a form of compensation that an employee receives in retirement. Pensions are funded by employer and employee contributions during the employee’s duration of employment. Essentially, it is contracted teamwork.
In Connecticut, unfunded pension benefits skyrocket to $34.8 billion, with only $12.1 billion available to pay bills!
Truth in Accounting, a nonprofit organization based in Chicago, Ill., aims to educate and empower citizens with understandable, reliable, and transparent government financial information. The following video provides clear information about the key functions of a pension:
