Meaning of the word pension in English

What does pension mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

pension

US /ˈpen.ʃən/
UK /ˈpen.ʃən/
"pension" picture

Noun

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

Example:
She is looking forward to her retirement and receiving her pension.
His pension provides him with a comfortable income.

Verb

1.

pay a pension to (someone)

Example:
The company decided to pension off its long-serving employees.
He was pensioned after 30 years of service.
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