pension

/'penʃn/

Thân thiện

A retired teacher receives her monthly pension check.

Definition

1. Noun:

   • A regular payment made by a government or company to a person who is retired from work: This is the primary meaning, referring to a fixed sum paid regularly, typically after retirement, to provide income.
   • A regular payment made to a person as a form of support: This can extend to payments for disability or other qualifying circumstances, allowing the recipient to subsist without regular employment.

2. Verb:

   • To grant or pay a pension to someone: The action of providing someone with a pension.
   • To dismiss someone from service with a pension: Often used in the context of retirement or early release from a job with a pension benefit.

Usage Examples

• Noun:

  • She receives a monthly pension after working for the company for 30 years.
  • The government increased the state pension for all retirees.
  • He lives on a modest pension from his military service.

• Verb:

  • The company agreed to pension him off at the age of 60.
  • After his injury, he was pensioned by the force.

Advanced Usage

• "to be on a pension": to receive a pension as one's primary income.

  • My grandparents are comfortably on a pension now.

• "pension plan" / "pension scheme": an arrangement (often through an employer) to provide a pension in the future.

  • Employees are automatically enrolled in the company pension scheme.

• "pension fund": a pool of money that is invested to pay pension benefits.

  • The pension fund's performance affects future payouts.

Variants and Related Words

• Pensioner (n): A person who receives a pension, especially a retirement pension.

  • The discount is available for senior citizens and pensioners.

• Pensionable (adj): Entitling someone to or qualifying for a pension.

  • He completed 20 years of pensionable service.

Synonyms

• Annuity: A fixed sum of money paid to someone each year, typically for the rest of their life.
• Superannuation: A pension paid to a retired person, often from a fund to which they have contributed.

Related Phrasal Verbs

• Pension off: To retire someone and pay them a pension; sometimes implies forcing someone to retire.
  • The old machinery was finally pensioned off. (Used metaphorically for objects)
  • They pensioned off several long-serving employees.

Related Idioms

• Golden handshake: A large sum of money given to someone when they leave a company, often similar to a severance package, which can be related to early pension arrangements.
  • He left the firm with a generous golden handshake.

Học thuật

Noun

1. a regular payment to a person that is intended to allow them to subsist without working

Verb

1. grant a pension to

Từ đồng nghĩa

• pension off