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pension plan

noun

  1. a systematic plan created and maintained, as by a corporation, to make regular payments of benefits to retired or disabled employees, either on a contributory or a noncontributory basis.


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Word History and Origins

Origin of pension plan1

First recorded in 1955–60

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Example Sentences

WPP has ring-fenced 20 media roles for graduates with further training, career advancement and a solid pension plan.

From Digiday

He can pressure local banks for funds and raid the country’s pension plans by nationalizing them.

From Time

A little over half of all Americans report owning stocks, including in their retirement or pension plans.

From Vox

It doesn’t seem legally possible for the city to try to seize those assets for the new pension plan.

Most employed people in Britain are automatically placed in a pension plan, and they can usually control where that money goes.

From Quartz

So you'd set up a "pension plan" in which, realistically, you were going to be the beneficiary.

Republic wanted to terminate its obligations and put workers in a 401(k) (or at least a more solvent Teamster pension plan).

Almost overnight, the union pension plan went, as one expert told me, from "an organizing tool, to a disorganizing tool".

So now we've got another pension plan that whose "asset base" overperforms in good years, and underperforms in bad ones.

And if, say, Verizon tried to fund its pension plan this way, liberals would hit the roof.

Maybe your employer has an old-age pension plan for his employees.

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pension offpensive