Companies have adopted different ways of giving pensions to their employees after they retire. The two main options are having a lump sum amount or getting a monthly pension.
Most people work for their entire life and keep saving money for the retirement. Once a person retires, he has no other source of regular income and thus he has to depend entirely on the savings.
Today, the term “retirement” is outdated. This word applied to a period when the life span was shorter. People, at present, live longer and continue to be productive and creative long after the traditional retirement age.
You may absolutely enjoy your job, but there will come a time when you will be ready to leave it, perhaps in pursuit of a fresh opportunity or maybe to begin enjoying your retirement.