The regular payments made on retirement could be the State Pension (in the UK) or a private pension, or both.
The word "pension" comes from the Latin word "pensio," which means payment or rent. It evolved over time to refer to a regular payment made to a person, especially after retirement.
Pension contributions are regular payments made by an employee and/or employer into a pension fund to provide income after retirement. These contributions are invested over time to build a retirement nest egg for the employee. The amount contributed and the investment performance will determine the eventual pension benefits received.
There is no widely known person named "Mr. Granny's Nickers." It seems like a made-up or fictional name.
Yes, "grandparents" is a compound word made up of the words "grand" and "parents" combined together to represent the parents of a person's parent.
Pensioners typically receive regular payments from a retirement plan, such as a pension fund or government program, to support them financially during retirement. These payments are based on factors like years of service, salary, and contributions made during their working years.
A regular payment made to a person after they retire is called a pension
retirement payment
pension
A pension
Social security
pension
a regular payment made to a person after he or she retires
pension
Pension is the word you want.
pension, annuity, alimony
Social security
pension, annuity, alimony