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occupational retirement

 

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:
  1. Noun: A retirement program offered by an employer as a part of the overall benefits package provided to employees.
Usages:
  1. 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:
  1. She diligently contributed a portion of her salary to the occupational retirement fund, ensuring a comfortable future post-retirement.
  2. Many companies offer attractive occupational retirement packages to attract and retain highly skilled employees.
Possible Related Products on Amazon:
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