State Pension
The State Pension is a regular payment made by the government to individuals who have reached a certain age and have made sufficient National Insurance contributions during their working life. It is designed to provide financial support in retirement, helping to cover living expenses.
In many countries, the amount received from the State Pension can vary based on factors such as the number of years worked and the contributions made. Eligibility and payment amounts are typically determined by specific government guidelines, which can change over time to reflect economic conditions and demographic needs.