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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'.
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.
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 ...
People and households without private pensions. 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.
A lady's companion usually took up the occupation in order to earn a living [120] and have somewhere to live. [121] The occupation of lady's companion became obsolete because upper-class women no longer primarily stayed in the home, and also because of the many other employment opportunities open to modern women. Cultur: 18: 20: Lamplighter
The United States saw significant growth in pension plans, both public and private, throughout the Progressive Era as labor sought more rights from larger, and often more industrialized employers. Private employer retirement plans also grew substantially following the passage of the Revenue Act of 1913, which implicitly granted tax exempt ...
More than half a century after gangrene claimed his legs up to his hips and all of his fingers, Hryhoriy Yanchenko joined the Ukrainian resistance to Russia's invasion. Now 75, he put on the blue ...
Mandatory occupational pension provision: Voluntary private collective pension provision; Voluntary private individual pension provision Georgia: Basic pension: N/A: N/A: N/A Germany: Social assistance: Social insurance system: Voluntary occupational pension insurance: Private pension schemes Hong Kong: Basic pension: Provident fund system: N/A ...