pension Hear it!

pension Definition

pen·sion (pens̸hən; for n. 3, Frn syōn)

noun

  1. a payment, not wages, made regularly to a person (or to his family) who has fulfilled certain conditions of service, reached a certain age, etc. a soldier's pension, an old-age pension
  2. a regular payment, not a fee, given to an artist, etc. by a patron; subsidy
  3. in France and other continental countries
    1. a boardinghouse
    2. room and board

Etymology: ME pensioun < MFr < L pensio, a paying < pp. of pendere, to weigh, pay, hang: see pendant

transitive verb

to grant a pension to

pension Related Forms
pen·sion·able adjective
pension Idioms

pension off

to dismiss from service with a pension

pension Synonyms

pension

n.

annuity, premium, payment, grant, social security, gift, reward, subvention, old age benefits, fixed income; see also allowance 2, subsidy.

pension Usage Examples

Possessives

  • spouse: If you marry after leaving the LGPS your spouse's long-term pension will normally be less than the amount shown on your statement.

Converse of object

  • accrue: Members who expect to accrue enough pension to take them above the lifetime allowance in the future might also need to register certain rights.

Adjective modifier

  • occupational: At present, he has an occupational pension with his employer, which contributes 15 per cent of basic salary.
  • basic: A basic state pension of at least £ 105 a week which is paid to people at 65.
  • deferred: If you don't want to transfer your benefits, you can leave them in USS ( this is called a deferred pension ).
  • contributory: For most countries the main benefit for pensioners is the contributory social security pension.
  • self-invested: It may be that now is the time to be moving your policies into a SIPP ( self-invested personal pension ).
  • funded: Funded pensions, a great British success story, are now in headlong retreat.

Modifies a noun

  • scheme: Pension scheme funding - should you stick or twist?
  • fund: Pension funds are also a good source from which to invest in a number of areas, for example property purchase.
  • contribution: Employer's scheme pension contribution 15 per cent of basic salary.
  • crisis: Today's pension crisis is the equivalent of the perfect storm.
  • entitlement: Almost 1.5 million women across the UK are excluded from pension entitlements.
  • sharing: The provision in the Rules for pension sharing on divorce is also extended to former civil partners.

Noun used with modifier

  • stakeholder: You can contribute to a ' stakeholder pension ' provided you earn less than £ 30,000 a year.
  • retirement: Indeed by 2000-01, 36 % or £ 34 billion of the total Social Security payments will be needed to pay retirement pensions.
  • salary: We are in the process of negotiating changes to a number of final salary pension schemes in order to keep them open.
  • state: State pensions are financed from the taxation of today's workers.
  • ill-health: There are no provisions in the regulations to review an ill-health pension in payment in the light of later medical evidence.
  • widow: She worked tirelessly for naval wives and families and was instrumental in getting widows pensions introduced in 1894.
pension Quotes

It ought to be quite as natural and straightforward a matter for a labourer to take his pension from his parish, because he has deserved well of his parish, as for a man in higher rank to take his pension from his country, because he has deserved well of his country.

—Ruskin,John

I have considered the pension list of the republic a roll of honour.

—Cleveland, (Stephen) Grover

Pension. Pay given to state hireling for treason to his country.

—Johnson, Samuel known as Dr Johnson