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What (who) is pension off - definition

CONTRIBUTORY, EARNINGS-RELATED SOCIAL INSURANCE PROGRAM

Quebec Pension Plan; Canadian pension plan; Canada pension plan

pension off

If someone is pensioned off, they are made to retire from work and are given a pension.

Many successful women do not want to be pensioned off at 60...

When his employees were no longer of use to him, he pensioned them off.

PHRASAL VERB: be V-ed P, V n P, also V P n (not pron)

pension plan

RETIREMENT FUND

Retirement pay; Superannuation; Pensions; Old age pension; Old-Age Pensions; Retirement plan; Retirement-plan; Old-age pension; Retirement savings account; Political pension; Political Pension; Pension scheme; Pension system; Pension (United States); State pension; Occupational pensions; Occupational pension; Old age pensions; Occupational Pension; Retirement plans; IPP (Individual Pension Plans); IPP (Individual Pension Plan); Individual pension plans; Government pension; NFL Player Benefit Plan; Pension plan; Ecclesiastical Pension; Pension, Ecclesiastical; Superannuate; Defined contribution pension scheme; Group Retirement Plan; Workplace pension; Pension governance; Public pensions; Retirement pension; State pensions; Retirement Savings Account; Retirement savings; Retirement Pension

A pension plan is an arrangement to receive a pension from an organization such as an insurance company or a former employer in return for making regular payments to them over a number of years. (BUSINESS)

I would have been much wiser to start my own pension plan when I was younger.

N-COUNT

pension

RETIREMENT FUND

Retirement pay; Superannuation; Pensions; Old age pension; Old-Age Pensions; Retirement plan; Retirement-plan; Old-age pension; Retirement savings account; Political pension; Political Pension; Pension scheme; Pension system; Pension (United States); State pension; Occupational pensions; Occupational pension; Old age pensions; Occupational Pension; Retirement plans; IPP (Individual Pension Plans); IPP (Individual Pension Plan); Individual pension plans; Government pension; NFL Player Benefit Plan; Pension plan; Ecclesiastical Pension; Pension, Ecclesiastical; Superannuate; Defined contribution pension scheme; Group Retirement Plan; Workplace pension; Pension governance; Public pensions; Retirement pension; State pensions; Retirement Savings Account; Retirement savings; Retirement Pension

pension¹ ['p?n?(?)n]

¦ noun a regular payment made by the state to people of or above the official retirement age and to some widows and disabled people.

?a regular payment made during a person's retirement from an investment fund to which that person or their employer has contributed during their working life.

?chiefly historical a regular payment made to a royal favourite or to enable an artist or scholar to continue their work.

¦ verb (pension someone off) dismiss someone from employment and pay them a pension.

?(pension something off) discard something that is unwanted or outdated.

Derivatives

pensionability noun

pensionable adjective

pensionless adjective

Origin

ME: from OFr., from L. pensio(n-) 'payment', from pendere 'to pay'.

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pension² [p?pension'sj?pension]

¦ noun a small hotel or boarding house in France and other European countries.

Origin

from Fr.

Wikipedia

Canada Pension Plan

The Canada Pension Plan (CPP; French: Régime de pensions du Canada) is a contributory, earnings-related social insurance program. It forms one of the two major components of Canada's public retirement income system, the other component being Old Age Security (OAS). Other parts of Canada's retirement system are private pensions, either employer-sponsored or from tax-deferred individual savings (known in Canada as a Registered Retirement Savings Plan). As of Jun 30, 2022, the CPP Investment Board manages over C$523 billion in investment assets for the Canada Pension Plan on behalf of 20 million Canadians. CPPIB is one of the world's biggest pension funds.

https://en.wikipedia.org/wiki/Canada Pension Plan

Examples of use of pension off

1. There are those who think it‘s time to pension off Humphrys and Naughtie and bring in some fresh blood and those who still miss de Manio.

2. Staff Report Dubai: A court ruling has annulled the decision by the Speaker of the Federal National Council (FNC) to pension off a UAE national employee.

3. Iraq‘s Sunni Vice President Tariq al–Hashemi objected to provisions in the new law that would pension off 7,000 low–level members of Saddam Hussein‘s former secret police and intelligence agents who still worked in Iraq‘s security apparatus.