Pensions in the United States

A pension is a type of savings account that you can use when you retire. In the United States, the government has a special type of pension called Social Security. If you have worked long enough in the United States, you get money from the government every month when you retire. That money is called Social Security, and it is meant to help you pay for things like food, clothes, and rent. Other types of pensions are provided by employers. Employers can set aside money for their employees and keep it in a special account called a pension. When the employee retires, the employer will give them the money from the pension. This money can also be used to help pay for living expenses.