pension benefits
Post-career income stream
Pension benefits are the payments a retired worker receives from a pension plan, typically based on years of service and salary history.
The term often appears in discussions of employment compensation and retirement planning: The new contract includes improved pension benefits.
Benefits may include monthly payments, survivor provisions for spouses, and cost-of-living adjustments.
- guaranteed incomePayment promised without condition
- vestingGaining full ownership
- fiduciary dutyObligation to act loyally
- social safety netsPublic programs preventing destitution
- employer contributionsFunds a company adds
annuities · payout options · ERISA · investment returns · retirement age · financial independence · estate planning · retirement income · cost of living adjustment · golden years · early retirement · full retirement age · employee contributions · portability · 401(k) · nest egg · employee contributions
- labor unionsunion dues, trade union, union membership, labor union, union shops
- political perkssalary, base salary, per diem, allowances, expense account
- employee benefitshealth insurance, 401k, 401(k), retirement, vacation
- executive compensationbase salary, bonuses, stock options, restricted stock, incentive pay
- pensionsCPP
- public paysalary, gross pay, net pay, pay, pay grades
pension benefitsactive income
Money from direct labor
wages · earned income · paycheck · employment income · salary
pension, pensions, pensioner, pensioners, pensionable, benefit, benefits, benefited, benefiting