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
How does a pension work?
What's better, pension or 401k?
What is pension income?
How much money is a pension?
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 ...
If you get a pension from a government job or a job worked in a foreign country, your benefit amount may be reduced.
May 8, 2024 · VA pension benefits are available to some wartime Veterans and their survivors — find out if you're eligible to apply.
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 ...