Retirement Benefit
/rɪˈtaɪərmənt ˈbɛnɪfɪt/
Definitions
- (n.) A payment or entitlement provided to an individual upon retirement from employment, typically part of a pension plan or social security system.
The employee received a retirement benefit after 30 years of service.
Forms
- retirement benefit
- retirement benefits
Related terms
See also
Commentary
Retirement benefits commonly include pensions, annuities, or lump-sum payments and are often governed by statutes or contractual agreements.
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.