retirement policy
End-of-career rules
A retirement policy is an organization's formal set of rules governing when and how employees may end their working careers.
Such policies typically specify eligibility ages, pension benefits, phased retirement options, and any mandatory retirement provisions where legally permitted.
The company's retirement policy allows employees to begin drawing benefits at age 62.
Governments also establish retirement policies through legislation affecting social security systems and tax-advantaged savings plans.
- pensionRetiree's ongoing benefit
- pension fundPooled retirement investment
- aging populationIncreasing proportion of elderly
- annuityPeriodic fixed payment
- fixed incomeStable recurring revenue
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