Search results
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.
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.
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.
The meaning of PENSION is a fixed sum paid regularly to a person. How to use pension in a sentence.
Jan 25, 2022 · A pension is a retirement plan that provides a monthly income in retirement. Unlike a 401 (k), the employer bears all of the risk and responsibility for funding the plan. A pension is typically based on your years of service, compensation, and age at retirement.
May 24, 2023 · A traditional pension is what’s known as a defined benefit plan. As their name suggests, these plans provide retired employees with a specified, or “defined,” monthly benefit that is ...
PENSION meaning: 1. an amount of money paid regularly by the government or a private company to a person who does…. Learn more.
