# Pension Benefit

**IRI:** https://folio.openlegalstandard.org/RrMIIsCEqxpHSyyLrupuZl

## Labels

**Alternative Labels:**

- Retirement Benefit

## Definition

A pension benefit is a periodic payment made to an employee who has retired from work, based on the employee's years of service and salary history. It is typically provided as part of a retirement plan, ensuring financial security for the retiree.

## Sub Class Of

- https://folio.openlegalstandard.org/R8xrmgt6tyyFf3b2CaMlaOe

**Deprecated:** False