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’
    • ‘A higher state pension and an end to means-testing isn't too much to ask for after a lifetime's work, is it?’
    • ‘The state pension is the bedrock of most people's retirement provision.’
    • ‘Linking the state pension to earnings would not be sustainable in the long-term.’
    • ‘I have not received an invitation to claim a state pension from the Pensions Service.’
    • ‘In addition, the rules which bar people collecting a state pension while being at work are to be relaxed.’
    • ‘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.’
    • ‘One of their big concerns is what this movement means for their state pension.’
    • ‘These deal with enquiries and claims for pension credit, the state pension and winter fuel allowance.’
    • ‘The state pension is just not going to be enough to support most people's retirement spending needs and wants.’
    • ‘Where people choose to take their state pension later, they deserve a better deal.’
    • ‘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.’
    • ‘You've got to have a safety net as the state pension is not enough to live on.’
    • ‘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.’
    • ‘This promises all pensioners a basic weekly income above the state pension.’
    • ‘The replacement rate is the ratio between the state pension and average earnings.’
    • ‘Many get a huge shock when they discover on the eve of their retirement that they are only entitled to a derisory state pension.’
    • ‘Firstly, all those approaching pension age should be aware that payment of the state pension is not automatic.’
    • ‘The report highlights the fact that many people are relying on the state pension for their retirement income.’
    annuity, superannuation
    welfare payment, allowance, benefit, support, welfare, assistance
    View synonyms
    1. 1.1 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.
      as modifier ‘the company pension scheme’
      • ‘When the employee leaves an employment he can continue to contribute to the pension in his next employment.’
      • ‘I've worked in a software company for five and a half years and contributed to its pension scheme for over five years.’
      • ‘If there is a solution to the pensions crisis that stops short of recommending compulsion, it will clearly involve employers and company pensions schemes.’
      • ‘If an employer shuts a pension scheme today it still has to pay the benefits promised by that scheme for decades.’
      • ‘Your duty is merely to offer access to a pension scheme, but employees do not have to take up your offer.’
      • ‘Ideally, if your employer operates a company pension scheme, you should join it.’
      • ‘In public service pension schemes the pensions of those in retirement increase with the pay of their working colleagues.’
      • ‘All of this is true regardless of what the pension age is and, indeed, regardless of whether the employer offers a company pension scheme.’
      • ‘The fund will be bankrolled by levies on employers offering occupational pension schemes.’
      • ‘A company can get a deduction for contributions made to the pension scheme of its directors and employees.’
      • ‘When asked whether compulsory pensions should be funded by workers or employers, people naturally agreed that their employers should pay.’
      • ‘The average employer contribution to salary-based pensions is 11 percent of wages.’
      • ‘He said workers have not benefited from their pension and retirement funds.’
      • ‘It is not possible to transfer money from a personal pension into an occupational pension scheme if you join one later.’
      • ‘Regular contributions to a pension scheme were, we were told, a guarantee of a secure old age.’
      • ‘However, there is no cap on how much your employer can contribute to your pension in a tax year.’
      • ‘Would I be better off if my company had a defined contribution pension scheme?’
      • ‘Most pension schemes will allow employees to continue working with the agreement of their employer.’
      • ‘He also has a personal pension and has created a pension scheme for employees, including his son, Adam.’
      • ‘Employers who do not operate a pension scheme or employees who are not eligible for a company scheme are the main targets.’
    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]pension someone off
  • 1Dismiss 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’
    • ‘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.’
    • ‘Hardly a cheering vote of confidence, but again he survived, returned to England where he was pensioned off on half pay.’
    • ‘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.’
    • ‘The duke and duchess will be very glad to pension you off, for they've been worried about your health as well.’
    1. 1.1pension something off Discard something because it is too old or no longer wanted.
      ‘garden sheds were raided to bring out machines long since pensioned off’
      • ‘At about the same time that the antiquated track was pensioned off, he was beginning his motor racing career, working in electronics.’
      • ‘The sooner the other four homes are pensioned off, the better.’
      • ‘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 plates and deckchairs were pensioned off to reduce the cost of breakages and thefts.’
      • ‘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

/pɒ̃ˈsjɒ̃//pɑ̃sjɔ̃/