old-age pension
Definition
Noun: A regular, typically monthly, payment made by the government or a former employer to a person who has retired from work due to reaching a certain age.
Usage
This term refers specifically to the state-provided or occupational pension received upon retirement. It is a fixed, recurring financial support. - She relies on her old-age pension to cover her living expenses. - The amount of the old-age pension is often based on previous earnings and contributions.
Advanced Usage
- To be on an old-age pension: To be receiving this regular payment as one's primary income in retirement.
- After working for 40 years, he is now on an old-age pension.
Variants and Related Words
- Pension (n): A regular payment made during a person's retirement. "Old-age pension" is a specific type of pension.
- State Pension (n, UK): The public pension provided by the government, synonymous with "old-age pension" in many contexts.
- Retirement pension (n): A general term for a pension received after retiring.
Synonyms
- Retirement benefit
- Superannuation (common in Australian and New Zealand English)
Related Phrases
- Old-age pensioner (n): A person who receives an old-age pension.
- The discount is available for old-age pensioners.
- Pension plan / Pension scheme (n): The system or arrangement for paying a pension.
Noun
-
a monthly payment made to someone who is retired from work
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