Old-Age Benefits
/ˌoʊldˈeɪdʒ ˈbɛnɪfɪts/
Definitions
- (n.) Periodic payments made by a government or social insurance program to individuals retired from active employment due to age.
The employee became eligible for old-age benefits upon reaching retirement age.
- (n.) Payments from private pension plans or retirement funds to retired individuals.
She receives old-age benefits from her former employer's pension plan.
Forms
- old-age benefits
- old-age benefit
Related terms
See also
Commentary
Old-age benefits typically arise under social security or pension law and are contingent on statutory retirement age or employment history.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.