retirement system
Post-career income structure
A retirement system is the institutional framework through which workers accumulate benefits for their post-employment years.
This includes pension plans, social security programs, and employer-sponsored accounts like 401(k)s.
The term encompasses both the financial mechanisms and the administrative structures that manage them: The state's retirement system covers all public employees.
Countries differ widely in how their retirement systems balance public programs, employer contributions, and individual savings.
- pensionRetiree's ongoing benefit
- social securityPublic financial protection programs
- safety netProtection against failure
- cost of living adjustmentWage increase tracking inflation
- senior citizenAged person, typically retired
golden years · aging population · population pyramid · annuity · fixed income · tax deferral · contribution limits · employer · IRA · public pension · birth rate · 401(k) · matching contribution · life expectancy · nest egg · fiduciary duty · government agency · replacement rate
- civil servicecivil servants, bureaucrat, civil servant, administrator, clerk
- pensionspension, pension fund, pension plan, pension benefits, pension funds
retirement systemworkforce participation
Rate of employed adults
active labor · working life · employment income · professional life · job market
retirement systemno safety net
retirement, system, retire, retired, retiring, retiree, retires, systems, systematic