old age pensions

Elderly income support

Old age pensions are regular payments made to people who have reached retirement age, typically funded by government programs or employer contributions made during working years.

The term is more common in British English; Americans usually say Social Security or retirement benefits.

She relies on her old age pension to cover rent and groceries.

Related

annuity · survivor benefits · social security · income · fixed income · cost of living · grey pound · employees · funds · senior citizens · savings · nest egg · spousal benefits · provisions · support · welfare · social insurance · gratuity

Categories
Opposites
life stage of recipient

old age pensionschild benefits

Payments for raising offspring

maternity benefits · child support · student grants · child allowance

income source type

old age pensionssalary

Fixed periodic employment payment

wages · earned income · employment income · professional fees · active income

financial security timing

old age pensionsretirement savings

Money reserved for post-career

pension contributions · wealth accumulation

Family

pension, older, oldest, olden, ageing, ages, pensions, pensioner, pensioners

Familiarity
Top 200,000
Profile
Used worldwide · Timeless · Everyday, not technical · Rated G