pension plan
27
3.1
- noun
- /ˈpɛnʃən plæn/
- US
:
plan de pensiones
- Many workers rely on their pension plan to support them after retirement.
- defined benefit pension plan
- public pension plans
- employee pension plan
OK, A pension plan is designed for you to retire poor.
- OK, A pension plan is designed for you to retire poor.
- But the old, the old pension plan was called a defined, defined benefit.
- The expectation for the fund is that the riskier assets will deliver good returns over time, such that the pension plan will eventually be fully funded.
- This is why Jamie Dimon came out and said just today, I was surprised to see how much a leverage there was in some of these pension plans.
- So at least my, my SAG pension plan says so.
Examples
-
American Express Company set up a pension plan for its employees.
-
I had to work late again this weekend, but remember, it's just until Thursday when I get my raise and new promotion, which will include me in the company's insurance and pension plan.
-
Under existing regulations, employers do not have to establish any kind of pension plan for their employees.
Academic text (2016) -
In China, the new pension plan may now include rural workers on a voluntary basis.
Academic text (2003) -
CalPERS is is the largest public employee pension plan in America.
-
Members of the basic old-age pension plan will continue to receive benefits at age 65.
Academic text (1991) -
Thompson had invested from his savings, plus what he had coming in pension-plan payments.
Fiction book (2001) -
The facts are our pension plans are going bust, they're bankrupt.
-
The Society has a noncontributory defined benefit pension plan (the Plan) covering substantially all of its employees.
Academic text (2002) -
However, you've got a million-two built up in equity in your business, another 350,000 in your pension plan.
Synonyms
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
10
3.5
A US retirement plan where workers save part of pay before tax and employers often add money, taxed when taken
3
3.0
A plan that helps people save money to use after they stop working
1
2.5
Money you regularly save to use after you stop working
1
3.1
An account that holds money to use after you stop working
1
3.3
An account for saving money to use after you stop working
A program from an employer that lets workers save part of their pay for retirement or other future needs
A US retirement account where workers put money before tax and employers often add money
How Regular
Surface Forms
Morphology
The meaning 'a scheme to provide income after retirement' is directly and transparently derivable from combining 'pension' (periodic payment for retirees) with 'plan' (an arranged scheme or programme). This simple noun+noun composition is cross-linguistically common and follows normal English compounding, so a B1 learner who knows both constituents would readily infer the MWE meaning.
Etymology
Pension plan comes from the old idea of giving a regular payment called a pension to someone who stopped working, for example a retired soldier. A plan is a way to save money, so a pension plan is a system to put money aside to get those 'regular payments' after 'retirement'.