St. Patrick's Day. St Patrickâs Day is a global celebration of Irish culture on or around March 17. It particularly remembers St Patrick, one of Irelandâs patron saints, who ministered Christianity in Ireland during the fifth century. St Patrickâs Day is celebrated in countries with people of Irish decent.
A difference that can be seen between pension and annuity is in the payment amount. The pension is determined by the sum that one has earned during his service and adjusted for the duration of his career. Annuity is a scheme that is determined by the amount of investment made by a person towards the scheme.
What is an Annuity? An annuity is a type of policy issued by an insurance company that allows you to save money for retirement. The money you pay in can be either a lump sum or a number of payments. These contributions then earn interest, generally tax-deferred, and after a period of time, provide you with a stream of income.