Merkel meets Czech President Zeman in Berlin

The video provides a brief introduction to pensions, explaining what they are and their role in retirement planning. It highlights the importance of pensions in financial security for retirees.

What is the primary purpose of a pension?

• To pay for healthcare costs

• To invest in real estate

• To provide financial support during retirement

• To fund educational expenses

Which of the following best describes how pensions are funded?

• Through lottery winnings

• Through regular contributions from employees and employers

• By government grants

• Via donations from charitable organizations

What is one key benefit of having a pension?

• Guaranteed income during retirement

• Immediate access to funds

• High-risk investment opportunities

• Tax-free withdrawals

Why is it important to start contributing to a pension early?

• To maximize the growth of retirement savings

• To avoid paying taxes

• To ensure immediate liquidity

• To receive government bonuses

How does a pension differ from a regular savings account?

• Pensions have higher interest rates

• Pensions offer tax advantages and are specifically for retirement

• Pensions allow unlimited withdrawals

• Pensions are only available to government employees