Retirement plan

Company Benefits and Compensation
Vocabulary Term #3321
Noun (concept)
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UK
Retirement plan
US
UK
a fund which regularly collects a sum of money during a person's employment, which they can use after they stop working after reaching a certain age
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UK
"It's good to have a retirement plan in place, so you won't have to worry about having enough financial means when you're old and unable to work."