Main definitions of pension in English

: pension1pension2

pension1

noun

British
  • 1A regular payment made by the state to people of or above the official retirement age and to some widows and disabled people.

    ‘men can draw a pension from the age of sixty-five’
    • ‘This is far more than pensioners would have received if the earnings link to the state pension had been restored, it says.’
    • ‘Essentially it makes sure that every working person has some form of pension, on top of the basic state pension.’
    • ‘The state pension is just not going to be enough to support most people's retirement spending needs and wants.’
    • ‘Many get a huge shock when they discover on the eve of their retirement that they are only entitled to a derisory state pension.’
    • ‘A higher state pension and an end to means-testing isn't too much to ask for after a lifetime's work, is it?’
    • ‘One of their big concerns is what this movement means for their state pension.’
    • ‘Hoping the government will provide a decent state pension is a mistake.’
    • ‘You can get the money with your state pension, at a post office or into your personal bank account.’
    • ‘The replacement rate is the ratio between the state pension and average earnings.’
    • ‘You've got to have a safety net as the state pension is not enough to live on.’
    • ‘The report highlights the fact that many people are relying on the state pension for their retirement income.’
    • ‘The state pension is the bedrock of most people's retirement provision.’
    • ‘I have not received an invitation to claim a state pension from the Pensions Service.’
    • ‘Some countries will not be able to provide a state pension at all in the future and those that do will be providing less in real terms.’
    • ‘These deal with enquiries and claims for pension credit, the state pension and winter fuel allowance.’
    • ‘Linking the state pension to earnings would not be sustainable in the long-term.’
    • ‘In addition, the rules which bar people collecting a state pension while being at work are to be relaxed.’
    • ‘Where people choose to take their state pension later, they deserve a better deal.’
    • ‘This promises all pensioners a basic weekly income above the state pension.’
    • ‘Firstly, all those approaching pension age should be aware that payment of the state pension is not automatic.’
    annuity, superannuation
    welfare payment, allowance, benefit, support, welfare, assistance
    View synonyms
    1. 1.1A 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.
      [as modifier] ‘the company pension scheme’
      • ‘He also has a personal pension and has created a pension scheme for employees, including his son, Adam.’
      • ‘All of this is true regardless of what the pension age is and, indeed, regardless of whether the employer offers a company pension scheme.’
      • ‘It is not possible to transfer money from a personal pension into an occupational pension scheme if you join one later.’
      • ‘He said workers have not benefited from their pension and retirement funds.’
      • ‘Your duty is merely to offer access to a pension scheme, but employees do not have to take up your offer.’
      • ‘If there is a solution to the pensions crisis that stops short of recommending compulsion, it will clearly involve employers and company pensions schemes.’
      • ‘The average employer contribution to salary-based pensions is 11 percent of wages.’
      • ‘The fund will be bankrolled by levies on employers offering occupational pension schemes.’
      • ‘I've worked in a software company for five and a half years and contributed to its pension scheme for over five years.’
      • ‘Ideally, if your employer operates a company pension scheme, you should join it.’
      • ‘Most pension schemes will allow employees to continue working with the agreement of their employer.’
      • ‘In public service pension schemes the pensions of those in retirement increase with the pay of their working colleagues.’
      • ‘Employers who do not operate a pension scheme or employees who are not eligible for a company scheme are the main targets.’
      • ‘However, there is no cap on how much your employer can contribute to your pension in a tax year.’
      • ‘When asked whether compulsory pensions should be funded by workers or employers, people naturally agreed that their employers should pay.’
      • ‘Would I be better off if my company had a defined contribution pension scheme?’
      • ‘When the employee leaves an employment he can continue to contribute to the pension in his next employment.’
      • ‘If an employer shuts a pension scheme today it still has to pay the benefits promised by that scheme for decades.’
      • ‘Regular contributions to a pension scheme were, we were told, a guarantee of a secure old age.’
      • ‘A company can get a deduction for contributions made to the pension scheme of its directors and employees.’
    2. 1.2historical A regular payment made to a royal favourite or to an artist or scholar to enable them to carry on work of public interest or value.

verb

[WITH OBJECT]
  • 1 Dismiss someone from employment, typically because of age or ill health, and pay them a pension.

    ‘he was pensioned off from the army after the war’
    • ‘Hardly a cheering vote of confidence, but again he survived, returned to England where he was pensioned off on half pay.’
    • ‘A police officer who has testicular cancer has been told to return to work, even though it would cost the taxpayer less to pension him off.’
    • ‘I was the best in the woodwork department so when I was 15 they pensioned me off and said, you've got to become a cabinet maker.’
    • ‘The duke and duchess will be very glad to pension you off, for they've been worried about your health as well.’
    • ‘At the age of 50, when it had got to the point where pain and mobility problems affected my ability to do my job, I was pensioned off and sent away into early retirement.’
    1. 1.1Discard something because it is too old or no longer wanted.
      ‘garden sheds were raided to bring out machines long since pensioned off’
      • ‘The plates and deckchairs were pensioned off to reduce the cost of breakages and thefts.’
      • ‘Once a car ferry running between Trinidad and Tobago, the vessel was pensioned off when replaced by a larger ship and sunk as an artificial reef in 1997.’
      • ‘The sooner the other four homes are pensioned off, the better.’
      • ‘At about the same time that the antiquated track was pensioned off, he was beginning his motor racing career, working in electronics.’
      • ‘At a gala event on Saturday he will stoke up the firebox and take it on its first run since it was pensioned off from a South Wales colliery in 1976.’

Origin

Late Middle English (in the sense ‘payment, tax, regular sum paid to retain allegiance’): from Old French, from Latin pensio(n-) payment, from pendere to pay. The current verb sense dates from the mid 19th century.

Pronunciation:

pension

/ˈpɛnʃ(ə)n/

Main definitions of pension in English

: pension1pension2

pension2

noun

  • A small hotel or boarding house in France and other European countries.

    • ‘Of course, it's a typical beautiful Austrian small town with lots of pensions, hotels and restaurants for the traveler.’
    • ‘In one end of the hall, volunteers entered name after name into computers - people who had been located in nearby hotels or pensions.’

Origin

French.

Pronunciation:

pension

/French pɑ̃sjɔ̃//pɒ̃ˈsjɒ̃/