Social Benefits (part IV)

Retirement savings programs:

Government-sponsored and private retirement plans designed to help individuals save for retirement, including state pensions and occupational pensions.

State pension is a government-provided pension based on social security contributions. It depends on age and contribution history. Automatically calculated but may require formal application.

Occupational pension schemes are  employer-provided pension plans. You can supplement the state pension for additional retirement income. It is usually automatic upon employment.