pension plan
pension plan · pension plans
An employment benefit in which the employer pays money on a regular basis to an…An employment benefit in which the employer pays money on a regular basis to an employee after retirement.
» Every new employee has the chance to join a flexible pay-as-you-go pension plan.
Meaning
1 sensesAn employment benefit in which the employer pays money on a regular basis to an employee after retirement.
a plan for setting aside money to be spent after retirement
Examples
1 sentencesEvery new employee has the chance to join a flexible pay-as-you-go pension plan.
Translations
2 languagesForms
plural: pension plans| Singular | pension plan |
|---|---|
| Plural | pension plans |
regular
Synonyms
7 synonymspension scheme
Close in meaning
- a plan for setting aside money to be spent after retirement:pension accountretirement planretirement savings planretirement savings accountretirement accountretirement program