👉 Pensionaries are individuals who have reached retirement age and are currently receiving benefits from their employer, often as part of a defined contribution (DC) plan. These individuals may be entitled to receive pensions, which are amounts paid by employers based on the employee's contributions over a certain period of time. Pensionary status is typically recognized upon reaching retirement age. They can also be classified into different categories based on their level of pension entitlement or their financial status. For example, some pensionaries may have
