pen·sion
pen·sion/ˈpenSH(ə)n/
noun
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
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"
People also ask
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Feb 26, 2021 · Pensions differ in that respect from employee-managed retirement plans (such as 401(k) plans) in which employees choose how much to save and how ...
A pension is a fund into which amounts are paid regularly during an individual's working career, and from which periodic payments are made to support the ...
A pension plan is an employee benefit that makes regular payments to the employee in retirement. There are defined-benefit and defined-contribution pension ...
If you get a pension from a government job or a job worked in a foreign country, your benefit amount may be reduced.
a regular income paid by a government or a financial organization to someone who no longer works, usually because of their age or health:.
The Veterans Pension for Non-Service-Connected Disability is a benefit paid to wartime veterans with limited income who are no longer able to work.
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Pension plans. A pension plan is an employee benefit ... The PBGC also provides a Pension Search Directory to help reunite people with their missing pensions.
Defined-benefit pension plans involve an employer guaranteeing a specific retirement payment if an employee works for a company for a designated amount of time.