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- Dictionarypen·sion/ˈpenSH(ə)n/
noun
- 1. a regular payment made during a person's retirement from an investment fund to which that person or their employer has contributed during their working life.
verb
- 1. dismiss someone from employment, typically because of age or ill health, and pay them a pension: "he was pensioned off from the army at the end of the war"
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The meaning of PENSION is a fixed sum paid regularly to a person. How to use pension in a sentence.
May 16, 2024 · A pension plan is an employee benefit that makes regular payments to the employee in retirement. There are defined-benefit and defined-contribution pension plans.
Jan 25, 2022 · Definition. A pension is a retirement plan that provides a monthly income. The employer bears the risk and responsibility for funding the plan. Learn more about how pensions work.
an amount of money paid regularly by the government or a private company to a person who does not work any more because they are too old or have become ill: US a government pension. UK a state pension. He won't be able to draw (= receive) his pension until he's 65. Fewer examples.
May 24, 2023 · A pension is a benefit that some employers provide to their employees. If an employer offers a pension, they commit to making contributions to fund payments to their employees in...
Aug 10, 2023 · What Is a Pension? A pension plan is a favored kind of retirement plan by employees in which employers commit to paying a defined benefit or fixed amount of money upon retirement. Pension plans are a popular incentive to retain employees because of the perks of getting a steady stream of checks that lasts the length of their retirement.
Pension definition: a fixed amount, other than wages, paid at regular intervals to a person or to the person's surviving dependents in consideration of past services, age, merit, poverty, injury or loss sustained, etc.. See examples of PENSION used in a sentence.
Jun 19, 2024 · Pensions. If you're retiring with a pension you have a unique set of decisions to make, including when to take your benefits, how they'll affect your spouse, and how to plan for taxes. You'll...
Dec 18, 2023 · What is a pension? A pension plan, according to the U.S. Department of Labor, is a benefit plan established by either an employer or a union (or another employee organization) to help employees save for retirement.
an amount of money paid regularly by the government or a private company to a person who does not work anymore because they are too old or have become sick: US a government pension. UK a state pension. He won't be able to draw (= receive) his pension until he's 65. Fewer examples.
