Robert Clark, of North Carolina State, describes the level-income annuity option available to public sector retirees in North Carolina and provides analysis of the risks and benefits of this option to various groups. Read more here: ... ( read more )
LEARN MORE ABOUT: Retirement Annuities
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Public pension plans offer annuity options to retirees to ensure financial stability throughout retirement. An annuity is a contract between an individual and an insurance company that pays a guaranteed income stream for a period of time, typically for life. Annuity options in public pension plans are vital in providing financial security for retirees who otherwise might not have sufficient savings to fund their retirement. The annuity options available in public pension plans vary, and different plans may offer different options to retirees
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