RETIREMENT CHECK Meaning and
Definition
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A retirement check refers to a financial payment that an individual receives after their retirement, typically in the form of recurring periodic disbursements. It can also be referred to as a retirement pension, retirement income, or simply a retirement benefit. Retirement checks are often provided by employers, government institutions, or private pension plans as a means of providing financial support to retirees during their post-employment years.
Retirement checks are generally designed to replace a portion of the individual's pre-retirement income, which they were earning through employment. The payment amount is often calculated based on factors such as the individual's salary history, years of service, and the specific retirement plan they are enrolled in. These checks are primarily intended to ensure a degree of financial stability and security for retirees, allowing them to cover basic living expenses and maintain an acceptable standard of living.
Retirement checks are commonly distributed on a regular schedule, such as monthly or quarterly, and are subject to taxes based on the local tax laws. Retirees may also have the option to receive their retirement benefits in various forms, such as lump-sum payments or structured annuities.
In summary, a retirement check is a periodic payment received by an individual after they retire, aiming to replace a portion of their pre-retirement income and provide financial support during their retirement years.
Common Misspellings for RETIREMENT CHECK
- eetirement check
- detirement check
- fetirement check
- tetirement check
- 5etirement check
- 4etirement check
- rwtirement check
- rstirement check
- rdtirement check
- rrtirement check
- r4tirement check
- r3tirement check
- rerirement check
- refirement check
- regirement check
- reyirement check
- re6irement check
- re5irement check
- returement check
Etymology of RETIREMENT CHECK
The etymology of the word "retirement check" can be understood by breaking it down into its constituent parts.
1. Retirement: The word "retirement" originated from the French word "retirer", meaning "to withdraw" or "to retreat". It entered the English language around the 16th century and initially referred to a withdrawal from battle or active service. Over time, its meaning evolved to indicate the act of withdrawing or stepping back from work or professional life, usually due to reaching a certain age or fulfilling certain requirements.
2. Check: The term "check" has multiple origins, depending on its context. In this case, the word is related to the use of "check" as a noun, specifically meaning a written order for a bank to pay a specified sum from the issuer's account.
Similar spelling words for RETIREMENT CHECK
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