government pension
Public retirement benefit
A government pension is a regular payment from the state to individuals who have retired from public service or reached a qualifying age.
Civil servants, military personnel, and other government employees typically receive pensions based on years of service and salary.
Some countries provide universal government pensions to all citizens above a certain age, regardless of work history: She relies on her government pension to cover basic expenses.
- retirementLeaving the workforce permanently
- retirement ageStandard work-ending milestone
- social securityPublic financial protection programs
- benefitsGains or helpful effects
- annuityPeriodic fixed payment
elderly · old age · direct deposit · fixed income · cost of living · civil servant · public employee · veteran · military · years of service · disability · survivor · entitlement · bureaucracy · federal · state · contributions · payout
- pensionsCPP
- Retirement IncomeSocial Security, 401k, IRA, annuity, Roth IRA
- public servicecivil servant, civil servants, public servants, public servant, federal workers
government pensionprivate pension
Self-arranged retirement income
401(k) · personal savings · individual retirement account · IRA · workplace pension
government pensionself-reliance
Depending on oneself alone
stock portfolio · investment income · family support · no safety net
government, pension, govern, governor, governed, governing, governance, governess, governmental