noun
old age pension
Refers to a pension paid to elderly people; a formal term used in social security and insurance contexts.
養老年金の受給資格を確認する。
Check eligibility for the old age pension.
年金 is a general term for pension or annuity, while 養老年金 specifically refers to an old-age pension.
Compound of 養老 (ようろう, 'care for the elderly') and 年金 (ねんきん, 'pension').