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.
In its most general sense, an annuity is an agreement for one person or organization to pay another a stream or series of payments.Usually the term âannuityâ relates to a contract between you and a life insurance company, but a charity or a trust can take the place of the insurance company.There are many categories of annuities. They can be classified by: 1  Nature of the underlying investment â fixed or variable. Protection from creditors. 2  If you own an immediate annuity (that is, you are receiving money from an insurance company), generally the most that creditors can access is the payments as theyâre made, since the money you gave the insurance company now belongs to the company.