company pension
Workplace retirement benefit
A company pension is a retirement benefit provided by an employer, where the company contributes funds toward an employee's income after they stop working.
Traditional company pensions guarantee a specific monthly payment based on salary and years of service: She retired with a generous company pension after thirty years.
These defined-benefit plans have become increasingly rare, largely replaced by contribution-based retirement accounts like 401(k)s.
- retirementLeaving the workforce permanently
- retirement planStrategy for post-work finances
- 401kEmployer-sponsored retirement savings
- benefitsGains or helpful effects
- employee benefitsNon-wage workplace compensation
employer · annuity · social security · fixed income · vesting · years of service · paycheck · golden years · nest egg · rainy day fund · contributions · HR · matching · defined benefit · payroll · severance · retiree · lump sum
- Retirement IncomeSocial Security, 401k, IRA, annuity, Roth IRA
- retirement planning401(k), retirement fund, IRA, retirement income, retirement age
- retirement savingsretirement savings, retirement funds, 403b, retirement account, retirement fund
- employee benefitshealth insurance, 401k, 401(k), retirement, vacation
- pensionsCPP
company pensionindividual retirement account
Personal tax-sheltered retirement savings
IRA · Roth IRA · 401(k) · government pension · Social Security
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