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What is Meant by Retirement ? Explain the Two Types of Retirement. - Business Studies

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प्रश्न

What is meant by retirement ? Explain the two types of retirement.

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उत्तर

Retirement means to withdraw from one’s position or occupation or from active working life. You can achieve retirement when you have sources of income that do not have to be earned by working. Two types of retirements are :

Superannuation: Superannuation refers to retirement you take after you have reached a predetermined age. In most countries, the government sets this age.

Voluntary retirement: Government servants may retire from service voluntarily with pensionary benefits before attaining the age of superannuation.

shaalaa.com
Retirement
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
2018-2019 (March)

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