pension
//ˈpenʃn//
Translation
pension
Definition
A pension is a regular payment made by a government or employer to a person who has retired from work, providing financial support after their working years. This income is typically based on the individual's employment history, contributions, or years of service, and is intended to ensure a stable livelihood in old age. Pensions can be state-funded, such as social security benefits, or private, from employer-sponsored retirement plans. The term is commonly used in contexts related to retirement planning, elderly care, and financial security for seniors.
Example
“After working for 40 years, she finally started receiving her pension last month.”
“He relies on his monthly pension to cover his living expenses.”
“The government increased the state pension to help retirees cope with inflation.”
“Many workers contribute to a company pension plan throughout their careers.”
“She was worried that her pension would not be enough to support her in retirement.”
“He decided to retire early and take a reduced pension.”
“The pension fund invests in stocks and bonds to grow its assets.”
“After her husband passed away, she received a survivor's pension.”
“They moved to a smaller house to save money and stretch their pension.”
“The new law ensures that all employees have access to a workplace pension.”
Synonyms
Other meanings
- B1emekli maaşı(this page)
- B1pansiyonView this sense