June 25, 2019
A pension provides something extremely valuable to any retiree: Guaranteed income. A pension pays a monthly annuity for the life of the pension holder. If you are a retiree receiving an annuity, or an active employee in a government or private pension income plan, you know its value. But a pension also makes you a target for investment promoters offering to buy the rights to some or all the pension payments you would otherwise receive in the future.