Definitions from the Web
Term: Occupational Retirement
Description:
Occupational retirement refers to a structured financial arrangement where individuals receive income or other benefits upon retirement from their employment. It typically involves contributions made by both the employee and employer to a retirement fund, which is then used to provide a stable income stream during retirement.
Senses:
-
Noun: A retirement program offered by an employer as a part of the overall benefits package provided to employees.
Usages:
-
Popular Usage: The occupational retirement scheme enables employees to save and invest a portion of their income over the course of their working years, ensuring financial security in their retirement.
Sample Sentences:
- She diligently contributed a portion of her salary to the occupational retirement fund, ensuring a comfortable future post-retirement.
- Many companies offer attractive occupational retirement packages to attract and retain highly skilled employees.
Possible Related Products on Amazon:
|