pension schemes
Workplace savings programs
Pension schemes are systems for providing retirement income, typically involving regular contributions during working years that fund payments after retirement.
The term is primarily British; Americans usually say pension plans or retirement plans.
Schemes may be employer-sponsored, government-run, or private.
The word scheme here carries no negative connotation—it simply means an organized arrangement.
- defined benefitPredetermined retirement payment arrangement
- final salaryEarnings at career's end
- social securityPublic financial protection programs
- employer contributionsFunds a company adds
- retireesPeople finished working permanently
employers · retirement security · superannuation · actuaries · fiduciary duty · trustees · tax relief · government subsidies · drawdown · vesting period · investment returns · retirement plans · retirement age · fund · monthly · savings · golden years · deferred
- benefitsadvantage, healthcare coverage, dental insurance, benefit, health screening
- elder caresenior care, aged care, elderly care, gerontologist, geriatrician
- pensionspensioner, state pensions, old age pensions, public pensions, CPP
- social welfaresocial welfare, welfare state, welfare checks, social insurance, welfare benefits
- Indian Welfareration card, food security, maternity benefit, child welfare, rural employment
- employmentjob, jobs, career, careers, interview
pension schemesliving paycheck to paycheck
Earning only enough for immediate expenses
pension schemeshourly wages
Pay based on hours
salary · tips · bonuses · severance pay · take-home pay