Retirement benefits
Term · Law · MLC-T-LAW-004301
Payments or other advantages provided to an individual upon their cessation of employment, typically after reaching a certain age or years of service. These benefits can include pensions, 401(k) distributions, or Social Security payments. The Employee Retirement Income Security Act (ERISA) governs many private sector retirement plans.
| Identifier | MLC-T-LAW-004301 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-004301",
"term": "Retirement benefits",
"field": "Law",
"definition": "Payments or other advantages provided to an individual upon their cessation of employment, typically after reaching a certain age or years of service. These benefits can include pensions, 401(k) distributions, or Social Security payments. The Employee Retirement Income Security Act (ERISA) governs many private sector retirement plans.",
"url": "https://mlchart.com/terminology/law/retirement-benefits/"
}
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