public pensions

Public pensions are retirement benefits provided by government or public sector organizations to employees who have worked in public service roles, such as teachers, firefighters, or government workers. These pensions are funded through contributions from employees, employers, or both, often complemented by government funds. When eligible employees retire, they receive regular payments based on their salary history and years of service, offering financial security in retirement. Public pensions help ensure that those who served the public can maintain a stable income after leaving their careers.