pensionˈpɛn ʃən; Fr. pɑ̃ˈsyɔ̃ for 3 ; -ʃənz; Fr. -ˈsyɔ̃ for 3
pension (v)
- present
- pensions
- past
- pensioned
- past participle
- pensioned
- present participle
- pensioning
pension (n)
pension
English Definitions:
pension (verb)
a regular payment to a person that is intended to allow them to subsist without working
pension, pension off (verb)
grant a pension to
pension (Noun)
A regularly paid gratuity paid regularly as benefit due to a person in consideration of past services; notably to one retired from service, on account of retirement age, disability or similar cause; especially, a regular stipend paid by a government to retired public officers, disabled soldiers; sometimes passed on to the heirs, or even specifically for them, as to the families of soldiers killed in service.
pension (Noun)
A stated regular allowance by way of patronage or subsidy, e.g. to meritorious artists, or the like.
pension (Noun)
Accommodations or the payment for accommodations, especially at a boarding house or small hotel in Europe.
pension (Noun)
A boarding house or small hotel, as in continental Europe, which offers lodging and certain meals and services.
pension (Noun)
A wage in active service
pension (Verb)
To grant a pension
pension (Verb)
To force someone to retire on a pension.
Pension
A pension is a contract for a fixed sum to be paid regularly to a person, typically following retirement from service. Pensions should not be confused with severance pay; the former is paid in regular installments, while the latter is paid in one lump sum. The terms retirement plan and superannuation refer to a pension granted upon retirement of the individual. Retirement plans may be set up by employers, insurance companies, the government or other institutions such as employer associations or trade unions. Called retirement plans in the United States, they are commonly known as pension schemes in the United Kingdom and Ireland and superannuation plans in Australia and New Zealand. Retirement pensions are typically in the form of a guaranteed life annuity, thus insuring against the risk of longevity. A pension created by an employer for the benefit of an employee is commonly referred to as an occupational or employer pension. Labor unions, the government, or other organizations may also fund pensions. Occupational pensions are a form of deferred compensation, usually advantageous to employee and employer for tax reasons. Many pensions also contain an additional insurance aspect, since they often will pay benefits to survivors or disabled beneficiaries. Other vehicles may provide a similar stream of payments.
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"pension." Kamus.net. STANDS4 LLC, 2024. Web. 28 Mar. 2024. <https://www.kamus.net/english/pension>.
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