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Company Pension Plan
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Retirement & Financial Benefits
Defined Benefit Pension Plan
Defined Contribution Pension Plan
At Sumitomo Mitsui Banking Corporation, workers collect retirement benefits. To help ensure a steady source of money later in life, a large number of workers depend on employer-provided pension plans. Sumitomo Mitsui Banking Corporation offers defined benefit pension plans and defined contribution pension plans. Companies with defined benefit pension plans pay retirees a fixed amount upon retirement. With a defined contribution retirement plan, businesses help workers save and invest for retirement.
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