Retirement benefits are financial rewards provided to employees after they retire from their jobs. These benefits can include pensions, which are regular payments made to retirees based on their salary and years of service, and Social Security, a government program that offers income support to eligible individuals.
Additionally, many employers offer 401(k) plans, allowing employees to save for retirement by contributing a portion of their salary, often with matching contributions from the employer. These benefits help ensure that individuals have a stable income during their retirement years, promoting financial security and well-being.