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Employee Retirement Checkout Form College of Life Sciences

Employee Retirement Checkout Form College of Life Sciences

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Instructions and help about Employee Retirement Checkout Form College Of Life Sciences

[Music] when you are older and have stopped working or work lless you will be in a phase of Life called retirement many people begin retirement around age 65 because you have stopped working or work less your income will drop during retirement for this reason it is important to plan how you will pay bills and for things you enjoy a great way to plan for retirement is to save money you make throughout your career while the amount of money to save will be different for everyone it is important to understand the different accounts you can use to save for retirement let's look at some options you may have first you may be able to save for retirement in accounts offered by your employer often called employer sponsored retirement plans there are two main types of employer sponsored retirement plans the defined benefit plan and the defined contribution plan a defined benefit plan often called a pension pays you a regular payment that starts when you retire through the rest of your lif

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