When your job keeps paying you a portion of your salary after you retire, it is called a:

A. 401k
B. Social security
C. Pension
D. IRA



Answer :

Final answer:

A pension is a retirement plan that pays a fixed pension benefit based on earnings and years of service.


Explanation:

Pension: When your job keeps paying you a portion of your salary after you retire, it is called a pension. Pensions are retirement plans where retirees receive a fixed pension benefit based on their earnings and years of service. Unlike 401(k)s or IRAs, pensions provide a guaranteed monthly income in retirement.


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