Pronunciation

/pəˈʃn/

Definitions

• Noun: A regular income paid to someone, usually after retirement, as compensation for past services or as a benefit. ["The pensioner receives a monthly payment from the government."](https://www.merriam-webster.com/[dictionary](/post/dictionary/)/[pension](/post/pension/))
• Verb: To provide (a pension) to someone as a retirement benefit. ["The company offers a generous pension plan for its employees."](https://www.oxfordlearnersdictionaries.com/[definition](/post/definition/)/english/[pension](/post/pension/))

Phrases

• “Draw a pension” means to start receiving regular pension payments.
• “Pension benefits” refers to the financial support provided by a pension plan.
• “Public pension system” is the network that provides pensions to government employees.

Example Sentences

• Noun: “After 30 years of service, he finally qualified for a full pension.”
• Verb: “The couple has been saving for their future pension to ensure a comfortable retirement.”
• Noun phrase: “Her father’s pension was his only source of income.”

Synonyms

• Retirement allowance
• Retirement pay
• Retirement income
• Benefit (in the context of retirement)
• Pension fund
• Annuity

Related Terms

• Defined benefit plan: A type of pension scheme where the employer guarantees a specific benefit amount.
• Defined contribution plan: A pension plan where contributions and eventual benefits depend on investment performance.
• State pension: A pension provided by the government to eligible citizens or residents.
• Private pension: A pension offered by employers or purchased by individuals.
• Early retirement: Taking pension before the official retirement age.