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Quick Glance At State Pensions

State Pensions

Like other forms of pensions, state pensions have been established in order to ensure that an individual maintains access to essential financial funds when he/she retires. One of the most common types of state pensions in the United States is Social Security. First developed in 1935, this state pension ensures that individuals have access to necessary financial assets in the event that they are unable to work due to age, disability, or injury. Working individuals are required to pay a specified portion of their income to Social Security funds. These resources are then distributed to people who are in need of these monies. In theory, because the

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