____ is the regular sum of money received by a former employee after he/she stops working.
A
Pension
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
Insurance
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Insurance
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Salary
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution
The correct option is A Pension Pension is the regular sum of money received by a former employee after he/she stops working. A pension is a fund into which an amount of money is added during an employee's employment years and from which payments are drawn to support the person's retirement from work in the form of cyclic payments.