What does pension mean in English?

You can learn pension Pronunciation, Grammar & Synonyms in this most authoritative English Dictionary.

pension Meaning, Definition, Pronunciation, Grammar & Synonyms❤️

0 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.
1 a sum of money paid regularly to a person who has retired (= stopped working because of having reached a certain age)
2 a regular income paid by a government or a financial organization to someone who no longer works, usually because of their age or health:
- comfortable/decent/generous pension They receive a generous pension, typically 75% of last pay drawn.
- pension plan/scheme Her new job offers a company pension scheme.
- Any pension contributions you pay into your plan qualify for tax relief.
- According to the report, CEOs received an average of $1.3 million in pension benefits last year.
- final-salary/index-linked pension If you want an index-linked pension, which will rise in line with inflation, you will get less to start with.
- draw/pay/receive a pension
- a full/small pension

The Chancellor announced a miserly 75p a week rise in the state pension.
He retired on a generous pension from the company.
It's a bloody disgrace that some war widows don't get a decent pension.
The perks of the job include a company pension scheme and a generous travel allowance.
After years of loyal service, his boss fired him just before he would have qualified for a pension.
As a result, interested parties can estimate the present value of the pension benefits.
Perhaps a clearer way to assess the impact of a pension reform could use ' ' typical ' ' career earnings paths, holding constant overall contributions.
Indeed, a higher part of their gross income is now deducted for pension systems.