rakkesh
asked over 3 years ago
What is the difference between the superannuation fund and commuted pension in India?
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acharya
answered almost 3 years ago
pension fund' and 'superannuation fund' are equivalent for the purposes of this text -- they are two names for pensions plans that are organised and administered by a company, government organisation, union, or the like. A Registered Retirement Savings Plan (RRSP), by contrast, is a special retirement savings scheme introduced by the Canadian government to encourage people not covered by pension plans to accumulate money for retirement and deal with the problem that contributions to pension plans are often not portable, which means that employees that change jobs (move to a different company)
