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What (who) is pension$58918$ - definition
CONTRIBUTORY, EARNINGS-RELATED SOCIAL INSURANCE PROGRAM
Quebec Pension Plan; Canadian pension plan; Canada pension plan
pension plan
![Public sector workers in [[Leeds]] striking over pension changes by the government in November 2011](https://commons.wikimedia.org/wiki/Special:FilePath/Leeds public sector pensions strike in November 2011 14.jpg?width=200 "Public sector workers in [[Leeds]] striking over pension changes by the government in November 2011")
![[[2010 French pension reform strikes]]](https://commons.wikimedia.org/wiki/Special:FilePath/Manifestation du 2 Octobre 2010 - Bastille (5046583719).jpg?width=200 "[[2010 French pension reform strikes]]")
![[[2018 Russian pension protests]]](https://commons.wikimedia.org/wiki/Special:FilePath/Митинг 2 сентября 2018 пенсии Суворовская площадь (Москва) 05.jpg?width=200 "[[2018 Russian pension protests]]")
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.
pension scheme
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
His company has the best pension scheme in the industry.
N-COUNT
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.
