pension


pension
I. pension pen‧sion 1 [ˈpenʆn] noun [countable]
FINANCE an amount of money paid regularly by a government, company, or financial institution to someone who is officially considered to be too old or too ill to earn money by working; = retirement plan AmE:

• If you retire at 55 you can expect your pension to be half the size it would be at age 65.

• He lives in a modest house on a small pension.

Pension contributions (= money that you give or an employer gives to pay for the pension that you will get ) attract no tax.

disaˈbility ˌpension also disˈablement ˌpension FINANCE
a pension paid to someone who cannot work any more because they are ill or injured:

• He retired from the force with a disability pension.

occuˈpational ˌpension FINANCE HUMAN RESOURCES
a pension from a past employer, rather than from the government:

• Many people receiving the state pension also have income from occupational pensions.

ˌold age ˈpension informal FINANCE
ˌpersonal ˈpension FINANCE INSURANCE
a pension that someone arranges for themselves with an insurance company, or that is arranged for them by a broker:

• If you decide to take out a personal pension, what are the costs involved?

ˌportable ˈpension FINANCE HUMAN RESOURCES
a pension that can be moved if you change your employer, without you losing any money
ˌprivate ˈpension FINANCE INSURANCE
reˈtirement ˌpension FINANCE
a pension paid to someone who has reached the official age when you retire, especially one paid by the government:

• The state retirement pension was £52 per week.

ˌself-adˌministered ˈpension FINANCE HUMAN RESOURCES
a pension arranged and controlled by the employer, not through an insurance company. This is usually part of a small pension plan, which may cover only one employee
ˈstakeholder ˌpension FINANCE HUMAN RESOURCES
in Britain, a pension in addition to the basic state pension. Employees pay into stakeholder pensions through their company, trade union, or other collective organization, and the state also contributes to it:

• Anyone can make contributions into a stakeholder pension even if they have no earnings.

ˌstate ˈpension FINANCE
a pension paid by the government:

• people wholly dependent on the state pension

ˌState ˌSecond ˈPension FINANCE
in Britain, a state pension which is in addition to the basic state pension. It replaced SERPS
ˈtop-hat ˌpension FINANCE HUMAN RESOURCES
an extra pension offered to the managers of the highest rank in a company, in addition to the normal company pension
ˈtop-up ˌpension FINANCE
a pension in addition to the normal state pension, provided by the state or a financial institution:

• Public sector employees in France have schemes for top-up pensions from the state.

  [m0] II. pension pension 2 verb
pension off phrasal verb [transitive] informal
1. pension somebody → off to make someone who is old or ill leave their job and pay them a pension:

• He had worked hard all his life, and in three years they would pension him off.

2. pension something → off to get rid of something because it is too old or not useful any more:

• Old coal-fired power stations will be pensioned off.

* * *

pension UK US /ˈpenʃən/ noun [C]
a regular income paid by a government or a financial organization to someone who no longer works, usually because of their age or health: comfortable/decent/generous pension »

They receive a generous pension, typically 75% of last pay drawn.

pension plan/scheme »

Her new job offers a company pension scheme.

»

Any pension contributions you pay into your plan qualify for tax relief.

»

According to the report, CEOs received an average of $1.3 million in pension benefits last year.

final-salary/index-linked pension »

If you want an index-linked pension, which will rise in line with inflation, you will get less to start with.

»

draw/pay/receive a pension

»

a full/small pension

See also DISABILITY PENSION(Cf. ↑disability pension), OCCUPATIONAL PENSION(Cf. ↑occupational pension), OLD AGE PENSION(Cf. ↑old age pension), PERSONAL PENSION(Cf. ↑personal pension), PORTABLE(Cf. ↑portable) adjective, PRIVATE OFFERING(Cf. ↑private offering), RETIREMENT PENSION(Cf. ↑retirement pension), SELF-ADMINISTERED PENSION(Cf. ↑self-administered pension), STAKEHOLDER PENSION(Cf. ↑stakeholder pension), STATE PENSION(Cf. ↑state pension), STATE SECOND PENSION(Cf. ↑State Second Pension), TOP HAT PENSION(Cf. ↑top hat pension), TOP-UP PENSION(Cf. ↑top-up pension)

Financial and business terms. 2012.

Synonyms:
(from a government for past services), /


Look at other dictionaries:

  • pension — [ pɑ̃sjɔ̃ ] n. f. • pensiun « paiement, récompense » 1225; lat. pensio « pesée, paiement », de pendere « peser, payer » 1 ♦ Allocation périodique versée régulièrement à une personne. ⇒ allocation, dotation. Pension de retraite. ⇒ 1. retraite.… …   Encyclopédie Universelle

  • pension — PENSION. s. f. Somme d argent que l on donne pour estre logé & nourri. Bonne, forte, mediocre pension. payer pension. il a payé les deux premiers quartiers de sa pension. voilà un quartier de vostre pension escheu. Il signifie aussi le Lieu où l… …   Dictionnaire de l'Académie française

  • pensión — sustantivo femenino 1. Cantidad de dinero que recibe una persona todos los meses por encontrarse en determinadas circunstancias: pensión de invalidez, pensión de viudedad. Han subido las pensiones de los jubilados. El padre no le pasa a su mujer… …   Diccionario Salamanca de la Lengua Española

  • pension — pen·sion n: money paid under given conditions to a person following retirement or to surviving dependents see also defined benefit plan, defined contribution plan Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • pensión — (Del lat. pensĭo, ōnis). 1. f. Cantidad periódica, temporal o vitalicia, que la seguridad social paga por razón de jubilación, viudedad, orfandad o incapacidad. 2. Auxilio pecuniario que bajo ciertas condiciones se concede para estimular o… …   Diccionario de la lengua española

  • pension — PENSIÓN, pensioane, s.n. Instituţie particulară de învăţământ din trecut (unde elevii erau găzduiţi în perioada şcolarizării); pensionat. [pr.: si on. – var.: (înv.) pansión s.n.] – Din fr. pension. Trimis de RACAI, 21.10.2003. Sursa: DEX 98 … …   Dicționar Român

  • Pensión — Saltar a navegación, búsqueda Para otros usos de este término, véase hostelería. Para otros usos de este término, véase pensión alimenticia. Una pensión es un plan de jubilación que pretende ofrecer a una persona unos ingresos seguros de por vida …   Wikipedia Español

  • pension — [pen′shən; ] for n [.] 3 [, ] Fr [ pän syōn′] n. [ME pensioun < MFr < L pensio, a paying < pp. of pendere, to weigh, pay, hang: see PENDANT] 1. a payment, not wages, made regularly to a person (or to his family) who has fulfilled certain …   English World dictionary

  • Pension — stammt über das frz. vom lat. pensio „Abwägen, Auszahlung, Abgabe“ ab und hat mehrere Bedeutungen, z. B.: Pension (Altersversorgung), eine Altersversorgung für Personen, die das Ruhestandsalter erreicht haben Pension (Unterkunft),… …   Deutsch Wikipedia

  • Pension — Sf Ruhestand(sgeld); Fremdenunterkunft std. (15. Jh.) Entlehnung. Entlehnt aus frz. pension Gehalt, Ruhegehalt , dieses aus l. pēnsio ( ōnis) Zahlung, Auszahlung , eigentlich Abwägen , zu l. pendere (pēnsum) wägen, abwägen , eigentlich… …   Etymologisches Wörterbuch der deutschen sprache

  • pension — Pension, Pensio. Petite pension, Pentiuncula. Pension pour un mois, Menstruum. Annuelle pension, Annuum. Il a pension de l estat du Roy, Annua congiaria a rationario publico habet, B …   Thresor de la langue françoyse