年金制度 (ねんきんせいど)

Definition

Pension system. This term refers to the social security program that provides financial support for retired individuals.

Analogy

Imagine a piggy bank that you fill up during your working years and then break open when you retire. The pension system is like that piggy bank, providing financial support to retirees based on their contributions throughout their working lives.

Related terms

公的年金 (こうてきねんきん): Public pension. It is a type of pension provided by the government as part of the social security system.

退職金 (たいしょくきん): Retirement allowance. This term refers to a lump sum payment given to employees upon retirement by their employer as a form of financial compensation for their years of service.

年金受給者 (ねんきんじゅきゅうしゃ): Pension recipient. It describes individuals who receive regular payments from the pension system after reaching retirement age.