Module21.pptVIP

Pension (养老金/退休金) A pension (also known as superannuation) is a retirement plan intended to provide a person with a secure income for life. The common use of the term is to describe the payments a person receives upon retirement, usually under pre-determined, legal and/or contractual terms. Pensions have traditionally been payments made in the form of a guaranteed annuity [年金/养老金] to a retired or disabled employee, or to a deceased employees spouse, children or other beneficiaries. Incentive (激励/奖励) An incentive is any factor that enables or motivates a particular course of action. It