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.
An annuity is a series of income payments made at regular intervals by an insurance company in return for a premium or premiums you have paid. The most frequent use of income payments from an annuity is for retirement. An annuity is neither a life insurance nor a health insurance policy. It is not a savings account or a savings certificate. You should not buy an annuity for short-term purposes.