The Teachers’ Retirement System (TRS) is a network of state-level organizations that primarily administer pensions and other retirement plans for teachers.
Benefits offered by TRS include traditional defined benefit pensions as well as defined contribution plans, including 403(b) plans that resemble 401(k) plans.
The specific benefits of TRS plans vary greatly by state and even by school district.
Studies show that most teachers do not receive their full pensions.
The Government Pension Fund of Norway consists of two separate Norwegian investment funds: the first is the Global Government Pension Fund (GPFG), also known as the Oil Fund, and the second is the Government Pension Fund of Norway (GPFN). .
Keogh plans are tax-deferred pension plans - either defined benefit or defined contribution - used for retirement purposes by either self-employed individuals or unincorporated businesses, while independent contractors cannot use the Keogh plan.
Liability oriented investments are typically used in defined benefit pension plans or other fixed income plans to cover current and future liabilities through the acquisition of assets.
A Locked-In Retirement Account (LIRA) is a Canadian cumulative retirement account funded by money transferred from an employer-sponsored retirement plan by the beneficiary of the account.