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Company pensions Bitten More than Can Be Chewed? Probably each of us would like to have a nice retirement. Probably most of us will need some sort of money for realization of that desire. And this consequently requires (again, for most of us) to create some form of saving during our productive age. One form of such saving can represent the occupational pension which is provided by our employer. Occupational (also called company) pension is a fund to which both employees and employers contribute and as explained e.g. by Peter Howells and Keith Bain in their book Financial Markets and Institutions, chapter 4.2, such fund can be basically of two types. First one is called "defined contribution" arrangement (DC) (also money purchase) and is based on a system upon which each employee makes a fixed contribution into the scheme and accumulated fund is invested. The later pension payments are determined by...

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