Meemâs Bottom Covered Bridge. One of the best-known covered bridges is the 204-foot single-span Burr arch truss known as Meemâs Bottom Covered Bridge in Mount Jackson. Mount Jackson, Virginia is located in the heart of the Shenandoah Valley and offers beauty and history around every corner. I hope you enjoy your visit and please come back to see us soon. - Mayor of Mount Jackson, J. G. Bucky Miller.
With a defined contribution pension you build up a pot of money that you can then use to provide an income in retirement. Take a quarter of your pension pot (or of the amount you allocate for drawdown) as a tax-free lump sum, then use the rest to provide a regular taxable income. 2  Take a quarter of your pot as a tax-free lump sum and then convert some or all of the rest into a taxable retirement income (known as an annuity).
Some pension plans require the employee to make a small, periodic contribution to the fund. The amount of pension that a pensioner receives depends on the type of pension plan. Pension plans generally can be divided into two categories: defined benefit plans and defined contribution plans. A defined benefit plan provides a set amount of benefits to a pensioner. Under a defined contribution plan, the employer places a certain amount of money in the employee's name into the pension fund and makes no promises concerning the level of pension benefits that the employee will receive upon retirement.