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A pension is a regular cash payment that the state or a special fund pays to people when they reach a certain age or are no longer able to work. Just to explain: People work for many years and pay dues (taxes).

When they become elderly or lose the ability to work, the state begins to pay them money — a pension. This is done in order to

so that a person can provide for himself, even if he no longer works. Main types of pensions: By age — when a person reaches retirement age.

For disability — if a person has lost his ability to work. For the loss of a breadwinner — to the relatives of the deceased breadwinner of the family.