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A pensioner is a person who receives a pension, most commonly because of retirement from the workforce. [1] This is a term typically used in the United Kingdom (along with OAP , initialism of old-age pensioner ), Ireland and Australia where someone of pensionable age may also be referred to as an 'old age pensioner'.
Retirement is the withdrawal from one's position or occupation or from one's active working life. [1] A person may also semi-retire by reducing work hours or workload. Many people choose to retire when they are elderly or incapable of doing their job for health reasons. People may also retire when they are eligible for private or public pension benefits, although some are forced to retire when ...
A pension created by an employer for the benefit of an employee is commonly referred to as an occupational or employer pension. Labor unions, the government, or other organizations may also fund pensions. Occupational pensions are a form of deferred compensation, usually advantageous to employee and employer for tax reasons.
Pensions in the United Kingdom, whereby United Kingdom tax payers have some of their wages deducted to save for retirement, can be categorised into three major divisions – state, occupational and personal pensions. The state pension is based on years worked, with a 35-year work history yielding a pension of £203.85 per week. [1]
In the ever-changing landscape of retirement planning, understanding the options available for your pension plan is crucial. One common question that arises when leaving a job is whether you can ...
An occupation is defined as a group of "jobs that are similar with respect to the work performed and the skills possessed by workers." [2] Therefore, different jobs with similar duties and job requirements would be in the same occupation. For example, a bank branch manager and a city treasurer would both be part of the Financial Manager ...
Universal pension (also referred to as "demogrant", "categorical pension" or "citizens pension") is a pension where the only criteria for receiving it is age and citizenship, resp. residence. Some countries are specifying these criteria further, like The Netherlands which requires 50 years of residency between ages of 15 and 65 for a full ...
The report from the Bureau of Labor Statistics, with preliminary revisions to the jobs data, is due at 10:00 a.m. ET. Most economists expect a downward revision, with Goldman Sachs estimating that ...