Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Pension Plans and other Retirement Planning topics.
You've come a long way baby- but what about your Pension Plan? Studies have shown that even though women have made leaps and strides in the economic workplace they still don't earn as much as their male counterparts. To make sure that women are receiving an adequate pension for retirement may take more planning. Since women tend to earn less then men that may mean that they have less saved for retirement.
Here are some tips to help ensure that you will receive the most benefit from your Pension Plan.
· Carefully read over your Summary Plan Description to determine what your benefits are
· Find out if your Pension Plan is insured by the Pension Benefit Guaranty Corporation
· Check to see if your Pension Plan will be offset by your Social Security
· For the greatest amount of benefits, include Pension Plans that you may have from former employers to your retirement plan.