retirement income policy

Retirement income policy refers to the rules and systems a country uses to ensure people have enough money to live on after they stop working. It includes government programs like pensions or social security, as well as personal savings and employer-sponsored plans. The goal is to provide financial stability and reduce poverty among retirees. These policies consider factors like contribution requirements, benefit calculations, and funding sources to balance financial sustainability with fairness. Effective retirement income policies help individuals plan for a secure and comfortable retirement while maintaining the country’s economic health.