What does Retirement Benefits mean? Read on to discover the definition & meaning of the term Retirement Benefits - to help you better understand the language used in insurance policies.
Retirement benefits are the money or other incentives that a person collects after their employment ends. The plan to receive them is put in place while the employee is still working, and a portion of their salary, along with a contribution from the employer, is collected periodically until their retirement.
We hope the you have a better understanding of the meaning of Retirement Benefits.