Published On: Wed, Dec 2nd, 2020

Pension advice: What is a Defined Benefit Pension? | Personal Finance | Finance

Your employer contributes to the scheme and is responsible for making sure there’s enough money there to pay your pension income when you choose to retire.

But you can contribute to your DB Pension scheme as well.

When you die, the pension will usually continue being paid to your spouse, civil partner or dependents.

Your latest pension statement will give you a good idea of how much you might get in income at retirement.

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