Continuing earnings in retirement refers to part-time work after retirement. Which pillar does this describe?

• A. Second
• B. Fourth
• C. First
• D. Third

Answer: (B)

The idea being tested is how retirement income is categorized within a four-pillar framework. In this view, the fourth pillar represents income from continuing to work in retirement—such as part-time jobs, consultancy, or other post-retirement earnings. This pillar acknowledges that many retirees supplement pension income with earnings from work, which is distinct from the state pension (first pillar), occupational pension (second pillar), or private savings (third pillar). The other pillars cover guaranteed or saved income, while continuing work provides an additional, flexible income stream. So, continuing earnings in retirement aligns with the fourth pillar.