Definition of pensionable in English:

pensionable

adjective

  • Entitling to or qualifying for a pension.

    ‘single and widowed women over pensionable age’
    • ‘It used to take five years of pensionable service before employees enjoyed this flexibility.’
    • ‘That way you can forget about the money and let it grow until you reach pensionable age.’
    • ‘If you are a member of an occupational scheme, you are entitled to a maximum of up to 1.5 times your final pensionable salary, depending on your years of service.’
    • ‘Public and civil servants have the option of buying back years of pensionable service and availing of additional voluntary contribution schemes to top up their pensions.’
    • ‘According to a survey of 200 people in the sector, nearly half of those who left permanent and pensionable jobs to work in interim management said variety and challenge were the main attractions.’
    • ‘She knows she can retire at 60 and take 25 per cent of the fund value tax-free or €50,000 at pensionable age.’
    • ‘I had served at the same Canadian university for 35 pensionable years before I retired.’
    • ‘The maximum pension is two thirds of final salary, based on 40 years of full pensionable service.’
    • ‘Only 49 per cent of private sector workers in pensionable employment are now members of defined benefit schemes.’
    • ‘Jake has twelve years pensionable service with an insurance company.’
    • ‘I've been working on and off since 1987, but I knew that a lot of this employment wasn't pensionable.’
    • ‘On reaching pensionable age, you can sell or continue to rent it depending on your requirements at that time.’
    • ‘For individuals in occupational pension schemes the maximum contribution you can make is 15 per cent of your pensionable salary.’
    • ‘If you have a permanent pensionable job to return to, you are in an even stronger bargaining position.’
    • ‘The company has decided to freeze the level of pensionable salaries for its 10,000 workers.’
    • ‘Alternatively, they can opt for a tax-free lump sum of 1.5 times their final pensionable salary and 50 per cent of this salary as a guaranteed income for life.’
    • ‘In defined benefit schemes, a member accrues pension benefits based on their service, the amount of pension accrued for each year of service and their pensionable salary.’
    • ‘Preservation provisions under the Pensions Act arise where employees have at least five years pensionable service with their current employer.’
    • ‘In fact, only about half of my working life to date is made up of pensionable service, which leaves me with a gap of about nine years.’
    • ‘As the promise of the pensionable lifelong job continues to fade, careers are becoming more fractured and an increasing number of people are trying several careers during their working lives.’

Pronunciation

pensionable

/ˈpenSH(ə)nəb(ə)l//ˈpɛnʃ(ə)nəb(ə)l/