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  1. Dictionary
    pension
    /ˈpɛnʃn/

    noun

    • 1. a 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" Similar annuitysuperannuationwelfare paymentallowance

    verb

    • 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"

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  2. dictionary.cambridge.org › dictionary › englishPENSION | English meaning - Cambridge Dictionary

    PENSION definition: 1. an amount of money paid regularly by the government or a private company to a person who does…. Learn more.

  3. en.wikipedia.org › wiki › PensionPension - Wikipedia

    Main page; Contents; Current events; Random article; About Wikipedia; Contact us; Donate; Pages for logged out editors learn more

  4. www.kotak.com › en › stories-in-focusWhat is Pension? Definition, Types of Plans & Taxation Explained

    A pension is a regular payment made during retirement from an investment fund or employer. Learn about it definition, types of plans & key components.

  5. www.thebalancemoney.com › what-is-a-pension-and-how-do-you-get-one-2388766What Is a Pension? - The Balance

    Jan 25, 2022 · A pension is a retirement plan that provides a monthly income. The employer bears the risk and responsibility for funding the plan. Learn more about how pensions work.

  6. www.investopedia.com › terms › pWhat Is a Pension? Types of Plans and Taxation - Investopedia

    May 16, 2024 · Pension Plan: A pension plan is a retirement plan that requires an employer to make contributions into a pool of funds set aside for a worker's future benefit. The pool of funds is invested on the ...

  7. www.financestrategists.com › defined-benefit-plan › pensionsWhat Is a Pension? | How It Works, Pros & Cons, Maximizing It

    Aug 10, 2023 · A 401(k) is a defined-contribution plan that some employers offer. Like a pension plan, employees can make pre-tax contributions to their 401(k) account. The money in the account grows tax-deferred and can be withdrawn after retirement.

  8. dictionary.cambridge.org › us › dictionaryPENSION | definition in the Cambridge English Dictionary

    PENSION meaning: 1. an amount of money paid regularly by the government or a private company to a person who does…. Learn more.

  9. www.investopedia.com › pensions-4427728Pensions: How They Work - Investopedia

    Jun 19, 2024 · The most common type of pension plan is a defined benefit plan. Under that type, after an employee with a pension retires, they receive monthly benefits from the plan that grew through ...

  10. www.forbes.com › advisor › retirementWhat Is A Pension? – Forbes Advisor

    May 24, 2023 · Michael Adams is an investing editor. He's researched, written about and practiced investing for nearly two decades. As a writer, Michael has covered everything from stocks to cryptocurrency and ...

  11. www.merriam-webster.com › dictionary › pensionPension Definition & Meaning - Merriam-Webster

    pension: [noun] a fixed sum paid regularly to a person:. wage. a gratuity granted (as by a government) as a favor or reward. one paid under given conditions to a person following retirement from service or to surviving dependents.