Noun
a monthly payment made to someone who is retired from work
Source: WordNetI was a stock broker once. I think there is an absolute place for market investments. But they should never be the basis of one's retirement. They should be an additional piece on top of a basic, secure, guaranteed retirement benefit. Barbara Boxer
Our government makes the simple promise of a secure retirement to every American who works for many years and contributes to our retirement benefit system. Sue Kelly