Retirement Benefits
/rɪˈtaɪərmənt ˈbɛnɪfɪts/
Definitions
- (n.) Payments or non-monetary compensation provided to an employee after termination of employment, typically upon reaching a certain age or years of service.
The employee received substantial retirement benefits upon leaving the company.
- (n.) Legal rights or entitlements derived from pension plans, social security, or other post-employment schemes.
Retirement benefits under the company's pension plan are protected by law.
Forms
- retirement benefit
Related terms
See also
Commentary
Retirement benefits cover both monetary and non-monetary forms of compensation received after employment ends; precision in defining eligibility criteria is important in drafting related 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.