Retirement income paid by a company is called:
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A. B. C. D.D
The retirement income paid by a company is called a pension. A pension is a retirement plan that provides a fixed income to an employee during their retirement years, based on their salary and years of service.
Employers contribute to a pension plan on behalf of their employees and manage the investment of the plan's assets to ensure there are sufficient funds to pay out benefits when employees retire. The amount of the pension benefit is typically determined by a formula that takes into account an employee's years of service and salary history.
Pensions are different from other retirement plans like 401(k) plans, which are primarily funded by employee contributions and allow employees to make investment decisions on their own. Pensions are typically offered as a part of an employee's overall benefits package, and are not as commonly offered by employers as they once were.
Social Security is a government-sponsored retirement program funded by payroll taxes, which provides retirement benefits to eligible individuals based on their earnings history and age. Rents and Profits are not typically associated with retirement income paid by a company.
In summary, the retirement income paid by a company is called a pension, which is a retirement plan funded by the employer that provides a fixed income to employees during their retirement years.