"Retiree benefits" refers to perks, such as healthcare and financial support, that are provided to individuals who have finished working and entered retirement. Full definition
These so - called «traditional» pension plans provide retirees a benefit that is based on a formula incorporating the employee's number of years of service and final salary. (districtmeasured.com)
Workers and communities affected by the move away from fossil fuels should receive transition assistance through worker training programs, economic diversification initiatives, and funding for retiree benefits that may be adversely affected as fossil companies change their business models. (ucsusa.org)
The costs of retiree benefits for educators, including «legacy» costs from unfunded benefits for previous retirees, consume a large and growing share of public spending on K — 12 education. (educationnext.org)