workplace retirement benefits

Workplace retirement benefits are programs offered by employers to help employees save for their future after they leave work. Common types include 401(k) plans, where employees contribute a portion of their pay, often with employer matching contributions. These funds grow tax-deferred until withdrawal. Some companies also provide pension plans that promise a set benefit based on salary and years of service. Overall, these benefits support financial security in retirement, encouraging long-term savings and reducing reliance on government programs alone.