what is the difference between provident fund and pension
Dear Students,
A provident fund is a retirement fund run and managed by the government. A pension is a retirement plan run by an employer. Pension funds operate much like annuities. Provident funds operate more like savings accounts.
Regards.
A provident fund is a retirement fund run and managed by the government. A pension is a retirement plan run by an employer. Pension funds operate much like annuities. Provident funds operate more like savings accounts.
Regards.