What Is a Frozen Pension Plan?

http://www.sellpension.co.uk/frozen-pensions - A pension plan is a type of defined benefit plan for retirement savings. Your employer makes contributions, and you receive monthly payments from the account when you retire. Pension funds can be expensive for companies to maintain, and in some cases, an employer may decide to freeze its plan. If your pension is frozen, it can have a significant impact on a number of benefits you'll receive once you retire.