A few European pension funds have changed their investment policies.
After years of buyouts, layoffs, and holding the line on costs, employees are agitated over potential changes to the pension plan.
Which is why the government has very sensibly forbidden companies from funding their pension plans this way.
mid-14c., "payment for services," especially "reward, payment out of a benefice" (early 14c., in Anglo-Latin), from Old French pension "payment, rent" (13c.) and directly from Latin pensionem (nominative pensio) "a payment, installment, rent," from past participle stem of pendere "pay, weigh" (see pendant). Meaning "regular payment in consideration of past service" first recorded 1520s. Meaning "boarding house, boarding school" first attested 1640s, from French, and usually in reference to places in France or elsewhere on the Continent.
1640s, "to live in a pension," from pension (n.) or else from French pensionner. Meaning "to grant a pension" is from 1702. Related: Pensioned; pensioning.
Payments made to a retired person either by the government or by a former employer.