state pension
Public retirement benefit
A state pension is a regular payment from the government to people who have reached retirement age, funded through taxes or social insurance contributions made during their working years.
The amount typically depends on years of contributions and earnings history.
She's living on her state pension.
In the UK, it's the primary retirement benefit; in the US, Social Security serves this function.
- retirement ageStandard work-ending milestone
- social securityPublic financial protection programs
- superannuationRetirement savings scheme
- disability benefitsPayments for those unable to work
- unemployment benefitsState aid for jobless workers
benefits · pensioner · senior citizen · contributions · elderly · bus pass · grey pound · national insurance · annuities · means testing · social insurance · public expenditure · veterans' benefits · monthly · public · golden years · treasury · government
- UK BudgetExchequer, budget deficit, public spending, national debt, public debt
- UK FinanceBank of England, pound sterling, pound, gilts, FTSE
- pensionspensioner, old age pensions, public pensions, CPP
- retirement planning401(k), retirement fund, IRA, retirement income, retirement age
- retirement plans401k, IRA, Roth IRA, 403b, defined benefit
- retirement savingsretirement savings, retirement funds, 403b, retirement account, retirement fund
state pensionprivate pension
Self-arranged retirement income
personal pension · workplace pension · 401(k) · individual retirement account · company pension
state pensioninvestment portfolio
Grouped financial assets owned