0 money that is given to a person who has stopped working because he or she is old or sick -- pensión
1 the money sb receives when they reach a particular age or when they retire -- pensión [ feminine, singular ]
Every country is having to grapple with the demographic changes and the associated lack of financial viability of its pension systems.
The hope is that the market-based pensions will then also prove to be good for pensioners in thirty or forty years' time.
The need for this is based on an understanding of the interaction between pensions and other policy areas.
There is a yawning gap between current pension provision and what will be needed to provide pensions at current levels for the next 40 years.
The priority for us is to check that the proceeds of the scheme are properly used to repay pension arrears and for other social projects.
I strongly believe that employee's pension rights must be guaranteed during a transfer of firms.
