I had earned that money over many years at Ford, through deferred compensation as well as retirement and pension benefits.

那笔钱，我是在福特公司攒了好几年的，其中有推迟领取的补偿金，还有退休和养老金。

youdao

In earlier research, Mr. Mahaney highlighted another benefit to deferring benefits until later: If you expect much of your retirement income to come from tax-deferred savings, you might be better off using those assets first and delaying all, or a large chunk, of your Social Security.

WSJ: Family Value: Bolstering Your Social Security Benefits