State Pension Plans are government-sponsored retirement programs designed to provide financial support to individuals after they retire. These plans are typically funded through taxes collected from workers and employers during their working years. The amount received upon retirement often depends on factors such as the individual's earnings history and the number of years they contributed to the plan. In many countries, including the United States, state pension plans are part of a broader social security system. They aim to ensure that retirees have a basic income to cover essential living expenses, helping to reduce poverty among the elderly population.