retirement pay

Monthly senior checks

Retirement pay is regular income received after leaving a career, typically from a pension or military service.

It differs from a lump-sum retirement benefit in that payments continue periodically, often monthly, for life: His military retirement pay covers the mortgage.

Also called a retirement pension.

Opposites
employment status income

retirement payactive duty pay

Military salary while serving

salary · wages · earned income · paycheck · hourly wages

life stage income

retirement paystarting salary

First pay at new job

Family

retirement

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