What are retirement benefit plans primarily designed for?

Retirement benefit plans are specifically designed to provide financial support to employees after they have completed their service and retired. These plans ensure that employees have a steady income stream during their retirement years, which is critical for supporting their living expenses, healthcare needs, and maintaining their quality of life when they are no longer earning a salary.

These benefits typically include pension plans, retirement savings accounts, or other forms of post-employment income that allow employees to enjoy their retirement without financial stress. This focus on post-employment support is key to helping individuals transition from active work life to retirement, allowing them to maintain financial security.

The other options do not align with the primary purpose of retirement benefit plans. While performance assessment and funding for employee education may be related to employee development during their working years, they do not pertain to the goals and functions of retirement benefits. Tax calculations, while important in the broader context of employee compensation, are not the primary aim of retirement plans.