Pensioni refers to retirement benefits that are provided by the government or employers after an individual stops working. These benefits help ensure financial stability during old age.
Contributory pension system: In this system, individuals contribute money towards their own pensions throughout their working years.
Defined benefit plan: A defined benefit plan is a type of pension plan where retirees receive fixed monthly payments based on factors such as salary history and years of service.
Retirement age: Retirement age refers to the age at which individuals become eligible for pensioni or other retirement benefits.