Retirement Benefit

B1 18+
  • Frequency of Use
    65 %
  • Retention Rate
    40 %
  • Complexity
    60 %
  • Retirement Benefit Meanings

    noun a payment or other financial support received upon retirement from an employer or government

    Fields related to retirement benefit

    Finance

    Retirement benefits are financial payments made to individuals upon retirement from their job or career.

    Government

    Government agencies may provide retirement benefits to eligible individuals, such as social security payments or pension plans for public sector employees.

    Insurance

    Some insurance policies may offer retirement benefits as part of their coverage, providing financial security for policyholders in their retirement years.

    Human Resources

    Retirement benefits are a key component of employee compensation packages and may include pension plans, 401(k) contributions, and other retirement savings options.

    Occupation Usage of retirement benefit

    Writer

    A writer may receive retirement benefits from a pension plan or retirement savings account established by their employer. They may also qualify for government-provided retirement benefits such as Social Security.

    Psychologist

    Psychologists may receive retirement benefits through employer-sponsored retirement plans or individual retirement accounts. They may also be eligible for Social Security benefits upon reaching retirement age.

    Teacher

    Teachers often receive retirement benefits through state pension systems or through 401(k) plans offered by their school district. They may also be eligible for Social Security benefits in retirement.

    Doctor

    Doctors may have retirement benefits through employer-sponsored retirement plans, such as a 401(k) or pension plan. They may also have individual retirement accounts to save for retirement. Social Security benefits may also be available in retirement.

    Consolidated Statistics about retirement benefit

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