Web resources can help you understanding pension plans

Published 10:27 pm Saturday, October 6, 2012

Fewer and fewer businesses offer traditional pension plans these days. Yet some pension programs still survive, particularly in the public sector.

If you’d like to learn how a pension works, and even how to track down an unclaimed pension funds, several websites can provide some answers.

Here are a few good places:

Investopedia: Breaks down how pensions work and gives employee and company perspectives on pensions. www.investopedia.com/articles/retirement/07/how_pensions_work.asp

JPMorgan: Provides a useful guide to pension basics. Type “JPMorgan understanding pension basics” in a search engine.

Pension Benefit Guaranty Corporation: Info from government agency designed to protect retirement pension income. www.pbgc.gov

U.S. Department of Labor: Features a wide range of consumer information on pension plans. www.dol.gov/dol/topic/retirement/consumerinfpension.htm

YourMoney.com: Outlines five different tips of pensions. www.yourmoney.com/your-money/basics/2178974/basics