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pension plan
noun
- a systematic plan created and maintained, as by a corporation, to make regular payments of benefits to retired or disabled employees, either on a contributory or a noncontributory basis.
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Word History and Origins
Origin of pension plan1
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Example Sentences
WPP has ring-fenced 20 media roles for graduates with further training, career advancement and a solid pension plan.
He can pressure local banks for funds and raid the country’s pension plans by nationalizing them.
A little over half of all Americans report owning stocks, including in their retirement or pension plans.
It doesn’t seem legally possible for the city to try to seize those assets for the new pension plan.
Most employed people in Britain are automatically placed in a pension plan, and they can usually control where that money goes.
So you'd set up a "pension plan" in which, realistically, you were going to be the beneficiary.
Republic wanted to terminate its obligations and put workers in a 401(k) (or at least a more solvent Teamster pension plan).
Almost overnight, the union pension plan went, as one expert told me, from "an organizing tool, to a disorganizing tool".
So now we've got another pension plan that whose "asset base" overperforms in good years, and underperforms in bad ones.
And if, say, Verizon tried to fund its pension plan this way, liberals would hit the roof.
Maybe your employer has an old-age pension plan for his employees.
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