Pensioners

Pensioners are individuals who receive regular income from a pension, typically after retiring from work. This pension is usually funded through their previous employment, where they contributed during their working years or via government schemes. The purpose of a pension is to provide financial stability and support during retirement when earned income from employment ceases. Pension payments may be fixed or vary based on contributions, earnings, or investment performance. Essentially, pensioners rely on these funds for their daily expenses and maintaining their standard of living once they are no longer earning a salary.