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pension

American  
[pen-shuhn, pahn-syawn] / ˈpɛn ʃən, pɑ̃ˈsjɔ̃ /

noun

pensions plural
  1. a fixed amount, other than wages, paid at regular intervals to a person or to the person's surviving dependents in consideration of past services, age, merit, poverty, injury or loss sustained, etc..

    a retirement pension.

  2. an allowance, annuity, or subsidy.

  3. (in France and elsewhere in continental Europe)

    1. a boardinghouse or small hotel.

    2. room and board.


verb (used with object)

pensions, present (3rd person singular) pensioned, past participle, past pensioning present participle
  1. to grant or pay a pension to.

  2. to cause to retire on a pension (usually followed byoff ).

pension 1 British  
/ pɑ̃sjɔ̃ /

noun

  1. a relatively cheap boarding house

  2. another name for full board

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

pension 2 British  
/ ˈpɛnʃən /

noun

  1. a regular payment made by the state to people over a certain age to enable them to subsist without having to work

  2. a regular payment made by an employer to former employees after they retire

  3. a regular payment made to a retired person as the result of his or her contributions to a personal pension scheme

  4. any regular payment made on charitable grounds, by way of patronage, or in recognition of merit, service, etc

    a pension paid to a disabled soldier

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

verb

  1. (tr) to grant a pension to

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
pension Cultural  
  1. Payments made to a retired person either by the government or by a former employer.


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Etymology

Origin of pension

First recorded in 1325–75; Middle English, from Old French pensïon, from Latin pēnsiōn-, stem of pēnsiō “measured weight,” hence, “payment, rent,” from pēns(us) “weighed” (past participle of pendere “to hang, weigh out, pay by weight”) + -iō -ion

Explanation

A pension is a regular payment, usually from a company you worked for, that allows you to survive without working after you retire. In used to be common for someone to spend their entire career at one company, and then retire at 65 and receive a pension: regular payments of enough money to live on in old age. Nowadays, not that many jobs offer pensions, and it's hard for companies that do to pay for them, which is why you're likely to hear this word when people are arguing about budget cuts. It's also a verb: if you pension your employee, you give them a pension. How nice of you!

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Vocabulary lists containing pension

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Barron’s Live: The Tampa Firefighters & Police Officers Pension Fund has outperformed the S&P 500 for more than 50 years, thanks to the investment acumen of its sole manager, the investment firm Bowen Hanes.

From Barron's • Jun. 15, 2026

The Tampa Firefighters & Police Officers Pension Fund has outperformed the S&P 500 for more than 50 years, thanks to the investing acumen of its investment firm, Bowen Hanes.

From Barron's • Jun. 12, 2026

Capita took over the Civil Service Pension Scheme - which has about 1.7 million members - in December last year, after winning the contract in 2023.

From BBC • May 18, 2026

Appeared in the May 16, 2026, print edition as 'Washington State’s Pension Raid'.

From The Wall Street Journal • May 15, 2026

The headquarters of the United States Pension Office is a redbrick building with massive marble columns marching abreast a soaring atrium in the middle.

From "The Brightwood Code" by Monica Hesse

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