Q:

What are some good retirement benefits?

A:

Quick Answer

A company-sponsored pension plan and a defined contribution plan, such as a 401(k) savings plan, are two good retirement benefits, according to U.S. News and World Report. Retiree group health care insurance and prescription drug coverage are also good retirement benefits to have.

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Full Answer

A pension plan is a beneficial benefit to have because it typically provides a retiree with an annuity that is financed entirely by the company, as noted in the Fortune list of the best companies from which to retire. A 401(k) or similar plan is a good retirement savings benefit, and it is even more valuable when the company matches all or part of each employee's savings contribution. Retiree group health insurance can save retirees money by providing the supplemental Medicare and prescription drug coverage that they would otherwise need to purchase separately.

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