"Retiree pensions" refers to the money an individual receives as regular income after they retire from their job. It is a payment made by the employer or government to support retirees financially throughout their retirement years. Full definition
In January, a company that has performed independent audits of LA Unified for seven years told a school board committee that the district had gone into the red for the first time, with liabilities outstripping assets by $ 4.2 billion, in large part because of having to report $ 5.2 billion in retiree pension liabilities. (laschoolreport.com)
Keep a «liquid» cushion Pension funds try to ensure they can pay retiree pensions without having to sell long - term investments under duress. (moneysense.ca)
Most prominently, a federal judge ruled last month that the city of Detroit could declare bankruptcy, opening the door for it to cancel or revise contracts such as those for retiree pensions. (educationnext.org)