Pension

In The Sims 2 and The Sims 3, Sims who retire from a career will receive a pension.

The Sims 2
In The Sims 2, an elder Sim who retires will receive a weekly pension that is half the weekly salary of the job he or she retired from. The Sim will receive one-seventh of that each day. A retired Sim who takes a part-time job will keep his or her pension; the part-time job will be shown in a second tab on the job panel.

A Sim's pension stops when he or she dies, but will resume if he or she is resurrected.

The Sims 3
In The Sims 3, when an elder retires, they will receive a daily pension from their former workplace until they pass away. The amount they receive is based on how much they were paid while they were working, although the pension will always be smaller than their working pay.