The concept of Pension Options or post retirement has been evolved.

Any person who has been working in any business house on a regular payroll will have to retire after a certain age which has been fixed or has been agreed upon. After retirement the person needs a steady income to maintain his standard of living , taking into account the rate of inflation in the market.

The employee sets aside certain amount of money every month so that after a period of time the money kept aside earns an interest from which the employee is provided a monthly sum of money.