retiree benefits

Retiree benefits are perks and financial support provided to individuals after they leave the workforce, typically upon reaching a certain age. These benefits often include pensions, which are regular payments based on an employee's salary and years of service, and healthcare coverage, which helps manage medical costs. Other benefits can include life insurance, access to retirement savings accounts, and discounts on services. Overall, retiree benefits are designed to ensure financial security and support a comfortable lifestyle for individuals during their retirement years.