workplace pension
Company retirement fund
A workplace pension is a retirement savings plan arranged by an employer, with contributions typically made by both employer and employee through automatic payroll deductions.
In the UK, employers are legally required to enroll eligible workers in a workplace pension scheme.
The term is primarily British; Americans would say 401(k) or employer-sponsored retirement plan.
- retirementLeaving the workforce permanently
- retirement ageStandard work-ending milestone
- 401kEmployer-sponsored retirement savings
- contributionsThings given to help
- employer matchCompany duplicates worker savings
employer · salary · savings · fund · annuity · payroll · deductions · benefits · vesting · matching · opt out · portfolio · nest egg · rainy day fund · superannuation · defined benefit · paycheck · take home pay
workplace pensionpersonal pension
Self-funded retirement plan
private pension · individual retirement account · IRA · personal savings · state pension
workplace, pension, work, place, pensions, pensioner, pensioners, pensioned, pensioning