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old-age pension
(redirected from retirement benefit)

   Also found in: Dictionary/thesaurus, Acronyms, Hutchinson 0.04 sec.
old-age pension: see pension pension, periodic payments to one who has retired from work because of age or disability. Pensions, originally thought of as charity, are now viewed as an essential part of the social responsibility of employers or of the state.
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; social security social security, government program designed to provide for the basic economic security and welfare of individuals and their dependents. The programs classified under the term social security differ from one country to another, but all are the result of government
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JAL Group has implemented various personnel cost reduction measures since the mid-1990's ahead of other airlines, such as a reduction of regular pay increase, revision of various crew allowances, revision of the retirement benefit system, revision of the pension system and outsourcing.
Virtually all the respondents said their companies offer some type of retirement benefit today, with the majority offering a 401(k) plan with matching contributions (65.
Voit (CCH, 2004), is divided into two parts--valuing retirement benefit plans and drafting qualified domestic relations orders (QDROs) and non-Employee Retirement Income Security Act of 1974 (ERISA) plan orders.
 
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