pen·sion
pen·sion/ˈpenSH(ə)n/
noun
a regular payment made during a person's retirement from an investment fund to which that person or their employer has contributed during their working life.
verb
dismiss someone from employment, typically because of age or ill health, and pay them a pension.
"he was pensioned off from the army at the end of the war"
People also ask
What's better, a pension or a 401k?
How much does a pension give you?
How do pensions pay out?
Are pensions paid for life?
Feb 26, 2021 · Pensions differ in that respect from employee-managed retirement plans (such as 401(k) plans) in which employees choose how much to save and how ...
A pension is a fund into which amounts are paid regularly during an individual's working career, and from which periodic payments are made to support the ...
Mar 9, 2024 · A 401(k) and a pension are both employer-sponsored retirement plans that promise tax advantages as well as future financial security.
If you get a pension from a government job or a job worked in a foreign country, your benefit amount may be reduced.
a regular income paid by a government or a financial organization to someone who no longer works, usually because of their age or health:.
The Veterans Pension for Non-Service-Connected Disability is a benefit paid to wartime veterans with limited income who are no longer able to work.
There are a number of types of retirement plans, including the 401(k) plan and the traditional pension plan, known as a defined benefit plan. The Employee ...
A pension plan is an employee benefit that commits the employer to make regular payments to the employee in retirement.
Since 1974, we've made a commitment to protect the pension benefits of over 31 million workers and retirees, and their families, we serve.