It's in your best interest
Excerpted from an article from Pensions Age magazine. The City of Fort Worth has a defined benefit plan. Posted 10-30-2023.
People with a workplace pension scheme are more than twice as likely to be disengaged with their pensions compared to those with personal pensions, research from Moneyhub has found.
It showed that 23 per cent of those with a defined contribution (DC) pension and 26 per cent of those with a defined benefit (DB) pension never checked their pension pots. ... Furthermore, just 34 per cent of DB pension holders said they had a ballpark figure of how much they had in their pension pot, compared to 51 per cent of those with a personal pension.
Link to the full article: Workplace pension holders over twice as likely to be disengaged than personal pension savers - Pensions Age Magazine