Why Is Prince Charles Actually Collecting His Pension?
He's donating it to charity
By Newsy, a Newser Video Partner
Posted Nov 14, 2013 8:19 AM CST

(Newser) – Prince Charles may be preparing to begin the job he's trained his whole life for while many his age are preparing for retirement. But today is his 65th birthday, and he's partaking in a tradition held by several aging Britons: filing his pension paperwork. According to Clarence House, Prince Charles completed the necessary forms to claim his statutory entitlement of up to $175 per week. The prince earned his benefits from paying national insurance contributions during his five-year career in the Navy and paying additional voluntary contributions after leaving service in 1976. But don't expect the Prince of Wales to loosen his tie, kick off his loafers and enjoy the retired life. Instead, the prince will be donating the sum to a charity supporting older people.