| Category | Description |
|---|---|
| Defined Benefit Plans | Plans that promise a specified monthly benefit at retirement, often based on salary and years of service. |
| Defined Contribution Plans | Plans where the employer, employee, or both make contributions on a regular basis, and the final benefit depends on the plan's investment performance. |
| Public Pension Funds | Pension funds for public sector employees, such as government workers and teachers. |
| Private Pension Funds | Pension funds for private sector employees, managed by private companies. |
| Cash Balance Plans | Hybrid plans that combine features of both defined benefit and defined contribution plans. |