Public sector pension plans are retirement savings programs designed for employees of government agencies and public organizations. These plans provide financial security to workers after they retire, typically funded through contributions from both the employee and the employer. Benefits are often based on factors such as salary and years of service, ensuring a stable income during retirement. Unlike private sector pensions, public sector plans are usually managed by government entities and may offer more generous benefits. They are essential for attracting and retaining talent in public service roles, helping to ensure that essential services are maintained for the community.