pension Definition
- 1a regular payment made by the state or a private company to someone who has retired from work
- 2a sum of money paid regularly as a retirement benefit
- 3a boarding house, especially in continental Europe, where guests pay for accommodation and meals
Using pension: Examples
Take a moment to familiarize yourself with how "pension" can be used in various situations through the following examples!
Example
He receives a monthly pension from the government.
Example
She has been saving up for her pension since she started working.
Example
The company offers a generous pension plan for its employees.
Example
They spent their retirement years living in a pension in France.
pension Synonyms and Antonyms
Synonyms for pension
- superannuation
- annuity
- gratuity
- retirement allowance
Phrases with pension
a regular payment made by the government to people of retirement age who have paid National Insurance contributions during their working life
Example
He relies on his state pension to cover his basic expenses.
a regular payment made by a private company to its retired employees as part of their employment benefits
Example
The company's pension plan is one of the best in the industry.
a pool of money set aside by a company or organization to provide retirement benefits for its employees
Example
The pension fund has grown significantly over the years, thanks to wise investments.
Origins of pension
from Old French 'pension', meaning 'payment, rent'
Summary: pension in Brief
A 'pension' [ˈpɛnʃən] is a regular payment made by the state or a private company to someone who has retired from work. It can also refer to a boarding house in continental Europe. Examples include 'He receives a monthly pension from the government,' and 'They spent their retirement years living in a pension in France.' Phrases like 'state pension' and 'company pension' denote different types of pensions, while 'pension fund' refers to the pool of money set aside for retirement benefits.
