Pension

年金 ／ pension　—　Institutions

A system for receiving a fixed amount of money periodically in old age or in case of disability. There are public and private pensions.

Assignat of 50 sols1793

Public pensions are a national system, while private pensions are a system funded by individuals or their employers. ⚠ The amount stated in notifications is the nominal value. Without looking at the real value, adjusted for inflation, one cannot understand the true cost of living.