the.com/retirement payments
the reward for working forty years so you can finally afford to sit still.
means regular income paid to someone who has stopped working, usually funded by past contributions from wages, employers, or the state.
from traces to bismarck's germany in 1889, which invented state pensions partly to outflank socialists by making the government the retiree's best friend.
original agegermany first set it at 70, not 65
u.s. systemsocial security started in 1935, funded by payroll tax
private version401(k) named after an obscure tax code section
global gapmany countries have no guaranteed retirement income at all