old-age pension
Retiree's monthly check
An old-age pension is a regular payment made to people who have reached retirement age, typically funded by government programs or former employers.
The term emphasizes that eligibility depends on age rather than disability or other circumstances: She lives on her old-age pension.
In many countries, such pensions form the foundation of retirement income.
- retirementLeaving the workforce permanently
- social securityPublic financial protection programs
- retirement ageStandard work-ending milestone
- elderlyAdvanced in age
- senior citizenAged person, typically retired
senior · benefits · fixed income · fixed rate · cost of living · living expenses · golden years · annuity · stipend · superannuation · nest egg · gray hair · rocking chair · Medicare · nursing home · old folks home · savings · widow
- pensionsCPP
- social benefitssocial assistance, disability benefits, unemployment insurance, income support, retirement benefits
old-age pensionchild benefit
State payment per dependent
child allowance · maternity pay · child support · education grant · paternity pay
old-age pensionsalary
Fixed periodic employment payment
wages · earned income · paycheck · employment income · active income
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