Pensioners are individuals who have retired from their jobs and receive a regular income, known as a pension, typically from their previous employer or a government program. This income helps support them during their retirement years, allowing them to maintain a certain standard of living without working full-time. Pension plans can vary widely, with some providing fixed monthly payments while others may depend on investment performance. Many pensioners also rely on additional savings or social security benefits to supplement their income. The transition to retirement can be a significant life change, often requiring careful financial planning.