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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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Present

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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!

Keep Reading on Vocabulary.com

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.

See Examples For:

Only 9% of private-sector workers, or more than 11.3 million, have a traditional pension funded by their employers.

From Los Angeles Times Aug. 14, 2026

The demographic shift could put pressure on pension systems and weaken the balance between working-age people and retirees.

From Barron's Aug. 13, 2026

The lotteries take no financial risk offering that annuity since they buy zero-coupon Treasury bonds maturing on those dates, much the way corporate pension funds do.

From The Wall Street Journal Aug. 12, 2026

Because the GPO has been repealed, her teacher’s pension will no longer reduce or eliminate her spousal benefit.

From MarketWatch Aug. 10, 2026

“You wouldn’t take the pension back, would you? If you do, I’ll have no husband.”

From "Homeless Bird" by Gloria Whelan

For a half-century, Congress has been offering middle- and working-class Americans options for tax-advantaged individual retirement savings, largely to compensate for the disappearance of traditional pensions.

From Los Angeles Times Aug. 14, 2026

When the traditional IRA was created in 1975, lawmakers confined the accounts to middle- and working-class households without access to company pensions.

From Los Angeles Times Aug. 14, 2026

Jemma Slingo, pensions and investment specialist at investment firm Fidelity International, says female investors "appear more likely to connect investing with real-life goals, from building emergency savings to looking after children."

From BBC Aug. 10, 2026

Aksia, a research and advisory firm to institutions including pensions, family offices and sovereign-wealth funds, made note of Aschenbrenner’s intellect and network in a March 2025 assessment for clients after meeting with him.

From The Wall Street Journal Aug. 5, 2026

After asking several widows, I found the government building where pensions were given out.

From "Homeless Bird" by Gloria Whelan

It is the reason why James Anderson was pensioned off in 2024.

From BBC Nov. 21, 2025

The family is now composed of the same sort of banal attention-seekers and time-servers as the rest of Europe’s pensioned aristocracy, which includes Facebook-addled coup plotters and Epstein island guests of honor.

From Slate Apr. 21, 2023

The airline struggled with a 51-day pilots' strike between September and November 2017, grounding half its fleet and resulting in dozens of pilots being fired, while others resigned or were pensioned off.

From Reuters Nov. 25, 2021

A horse is pensioned when it is no longer available for breeding.

From Los Angeles Times Dec. 16, 2020

“Not that it need come to that,” Mr. Owen blurted, meaning Tansy might marry and be saved before she was pensioned off.

From "The Teacher’s Funeral" by Richard Peck

Downpour and Inferno are states that people drive between pensioning their senators and whitegoods.

From New York Times Apr. 15, 2022

If that meant that the company was pensioning him off, Mr. Pratt must have had his tongue in his cheek.

From Time Magazine Archive

In general, pensioning ministers has special actuarial aspects.

From Time Magazine Archive

When Iowa sent a pension to Joseph Newt Finney, she joined no less than 26 other States, Alaska and Hawaii, in pensioning her aged.*

From Time Magazine Archive

The revenue of the estate is to be spent in enriching the collections, in encouraging scientific research, in pensioning aged authors, artists, and scientific discoverers.

From France in the Nineteenth Century by Elizabeth Latimer

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