Pensions are employer-sponsored retirement plans that pay you a regular income after you stop working. Unlike retirement accounts where you control how much to save and invest, a pension is funded and managed by your employer, and the payment amount is typically determined by a formula based on your salary and years of service. This category answers the most common questions people have about how pensions work, what happens to them in different situations, and how they fit into your overall retirement picture.

The articles here address practical questions: how pension payments are calculated, what occurs if you change jobs or leave a company before retirement, how pensions interact with Social Security, what protections exist if your employer faces financial trouble, and how to understand your pension statement. You'll also find information about different pension structures and what options may be available when you're ready to start receiving payments.