The funds accumulate income and capital gains tax-free which are used to pay benefits. Revising a payment schedule, usually to reduce monthly payments, for example by reducing the interest rate on a mortgage. A pension plan in which both the employee and the employer contribute to an Individual Retirement Account. A savings and investment plan for federal workers. Reaching the point, through length of service, at which an employee acquires the right to receive employer-contributed benefits such as pensions.
Employers often match a percentage of an employee's contributions.
Employees control how the assets are allocated among different types of investments.