Retirement benefits, also called pension benefits, are a form of financial reward that employers provide their employees when they retire. These benefits can come in various forms, including social security payments, health insurance coverage, 401(k) plans, and other retirement savings plans. Some synonyms for retirement benefits include post-employment benefits, retirement compensation, pension plans, and superannuation benefits. These benefits are meant to provide financial security and peace of mind for individuals who have reached retirement age and are no longer able to work. Regardless of the terminology used, retirement benefits are an important aspect of employee compensation and must be carefully managed to ensure employees receive the best possible outcome.