pension

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Pension Definition & Meaning

1. A retirement plan that provides a fixed income to a retired employee.

Example: My grandfather receives a monthly pension from his former employer.

2. A sum of money paid regularly as a retirement benefit.

Example: The company offers a generous pension plan to its employees.

3. A boarding house or small hotel, especially in continental europe.

Example: We stayed at a cozy pension in the heart of paris.

4. A lodging or boarding house for military personnel.

Example: The soldiers were housed in a pension during their training.

5. A payment made to a person as compensation for past service or injury.

Example: The injured worker received a pension from his employer to cover his medical expenses.

Examples of the word pension used in sentences.

  • The government has announced new changes to the pensions system, which will affect millions of people.
  • Sarah's father decided to invest some of his pension money into a new business venture.
  • After working for the same company for 20 years, Tom is finally eligible for his pension.
  • During retirement, many people rely on their pensions to cover their living expenses.
  • My grandmother receives a small pension every month from the government.
  • The company provides a pension plan for its employees to ensure they have a comfortable retirement.
  • I plan to save money for my pension so I can live comfortably in my old age.
  • My grandfather receives a monthly pension from the government after retiring from his job.
  • My parents are looking for a retirement village that offers various amenities and pension plans.
  • The government is working on reforms to improve the pension system and make it more sustainable.
  • My parents receive a comfortable pension after retiring from their government jobs.
  • The pensioners' association protested against the delay in receiving their pension dues.
  • The government is contemplating increasing the pension amount for senior citizens to combat poverty in old age.
  • I am planning to start a pension plan to ensure my financial security after retirement.
  • My colleague is considering early retirement, but she is worried about managing her pension funds.
  • My grandfather receives a monthly pension from the military for his service during the war.
  • The company offers a generous pension plan to its long-serving employees.
  • The government has been making efforts to reform the pension system to ensure its sustainability.
  • Many retirees rely on their pensions as their main source of income during their golden years.
  • After years of hard work, John was finally able to retire and collect his pension.
  • My grandparents receive a small pension every month, but they are still grateful for the financial support.
  • As a retired teacher, Jane receives a comfortable pension that allows her to travel and pursue her hobbies.
  • The government is planning to increase the age of eligibility for pensions in order to reduce costs.
  • Despite working hard for years, John's pension was not enough to support his lifestyle in retirement.
  • After losing her job, Lisa decided to start contributing to a private pension plan to ensure a stable future.
  • After years of saving and investing, the couple finally had enough funds in their pension to retire comfortably.
  • The company's generous pension scheme was one of the reasons why many employees chose to stay with the company for decades.
  • The government's recent pension reform will affect millions of retirees who rely on state support.
  • Despite her high salary, she worries about her future and has started planning for her pension.
  • Many expats who retire abroad choose to receive their pension from their home country to avoid currency fluctuations.
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