Pensioni

Definition

Pensioni refers to retirement benefits that are provided by the government or employers after an individual stops working. These benefits help ensure financial stability during old age.

Related terms

Contributory pension system: In this system, individuals contribute money towards their own pensions throughout their working years.

Defined benefit plan: A defined benefit plan is a type of pension plan where retirees receive fixed monthly payments based on factors such as salary history and years of service.

Retirement age: Retirement age refers to the age at which individuals become eligible for pensioni or other retirement benefits.