pension account
1
3.3
- noun
:
cuenta de pensiones
- I contribute a portion of my salary every month to my pension account to ensure a comfortable retirement.
Examples
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Many employees choose to invest in a pension account to secure their financial future after they stop working.
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I have an option to clear out the existing balance of my pension account early next year.
Blog text (23) -
With an increase in defaulted payments on basic pension accounts, bureaucrats feared that wives could not be counted on for self-payment.
Academic text (1991) -
The pension policy's only hint of legitimizing the position of divorce is that now women have to have their own pension accounts, which they will receive regardless of marital status.
Academic text (1991) -
This move is hailed as recognition of salarymen's wives as individuals because they now have pension accounts that are in their names regardless of divorce or separation (Shimada 1988: 19).
Academic text (1991) -
It is wise to start saving early in a pension account, as it can grow significantly over time.
Synonyms
56
4.7
An account people use to save money for retirement with tax benefits
27
3.1
Money that an employer or worker saves regularly to give income after you stop working
27
3.0
A set of savings and investments that gives you money after you stop working
21
3.0
A plan where you save money to use after you stop working
14
3.1
Money saved to give you regular income after you stop working
4
5.0
A US savings account for money used after you stop working that grows without tax until you take it out
1
3.1
An account that holds money to use after you stop working
1
2.5
Money you regularly save to use after you stop working
How Secure
Surface Forms
Morphology
The meaning is directly derivable from the constituents: 'pension' (retirement income) + 'account' (a financial record/plan) yields an account for pension savings. This noun–noun composition is a common, cross-linguistic pattern, so a B1 learner who knows both words will readily infer the MWE meaning.
Etymology
Pension account comes from the simple idea of saving money to give you regular payments when you stop working. Imagine a box or bank file labeled pension where each month you put money into your account so you will get those payments later, and that's why it means 'a plan to save money for retirement'.