Retirement benefits refer to the financial rewards or income that an individual receives after they retire from their job. These benefits can come in various forms, such as pensions, annuities, 401(k) plans, and social security. The specific type of benefit will depend on factors like the employee's job, how long they worked, and any agreements made between the employer and employee. Retirement benefits are designed to help individuals maintain their standard of living after retiring from work, providing financial stability in their later years.