Definition

Noun: A regular, typically monthly, payment issued to an individual who has ceased working due to age or after completing a required period of service. This payment is a form of ongoing income provided by a pension plan or government social security program.

Usage

This term refers specifically to the periodic disbursement of funds. It is commonly used in formal, financial, and personal planning contexts. - It is often received via direct deposit or as a physical check. - The amount is usually fixed and calculated based on prior earnings and years of service.

Examples

• Noun:
  • Her retirement check is deposited into her bank account on the first of every month.
  • After working for 30 years, he finally started receiving his retirement check.
  • They budget carefully, knowing their retirement check is their primary source of income.

Advanced Usage

• "To live on one's retirement check": To depend on this payment as the main source of financial support after leaving the workforce.
  • Many seniors live solely on their retirement check and Social Security.

Variants and Related Words

• Pension payment (n): A synonymous term for a regular sum paid from a pension fund.
• Social Security benefit (n): A U.S. government-administered payment for retirees, which can be considered a type of retirement check.
• Annuity payment (n): A series of regular payments from an invested sum, often used for retirement income.

Synonyms

• Pension
• Superannuation (common in British and Commonwealth English)
• Retirement benefit
• Old-age pension

Related Phrases

• Retirement income: A broader term encompassing all sources of funds during retirement, including checks, investments, and savings.
• Direct deposit for retirement: The electronic transfer of the retirement check into a bank account.

Noun

1. a monthly payment made to someone who is retired from work