Elucidating in basic terms, a retirement pension is a system

Elucidating in basic terms, a retirement pension is a system by way of which people are prone a monetary amount as income, when they are working no more. The person receives the quantity like a regular income. A retirement pension however should never be mistaken as s severance remuneration. The charge of the pension is done in regular installments. A severance payment would be completed in a lump sum amount. This system of retirement pension during a person

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