pension policy

Pension policy governs how individuals save and receive income after retirement. It involves setting rules for employer and employee contributions, investment management of pension funds, and the benefits paid out to retirees. The goal is to ensure financial security in retirement by encouraging adequate savings during working years, balancing contributions, and managing risks. Policies also address funding stability, fairness, and sustainability of pension systems for future generations. Overall, pension policy aims to provide reliable income to retirees while maintaining the financial health of pension schemes.