The state's five pension plans have an unfunded liability of $83 billion, so something needs to be done.
A few European pension funds have changed their investment policies.
Young says she ultimately lost her health benefits and pension.
Back in the day, long before the stock market boom began, the IRS decided that pension funds were a problem, taxwise.
Today, the extension of this problem is playing out in pension crises all over America.
She went to Congress, presented her petition, and received her pension.
The abuses of the pension system have been exposed again and again.
He had never applied for pension and never expected to apply.
The pension system in the United States is an abuse which has escaped from control.
The Prussian King allowed him on his departure a pension of 16,000 francs.
mid-14c., "payment for services," especially "reward, payment out of a benefice" (early 14c., in Anglo-Latin), from Old French pension "payment, rent" (13c.) and directly from Latin pensionem (nominative pensio) "a payment, installment, rent," from past participle stem of pendere "pay, weigh" (see pendant). Meaning "regular payment in consideration of past service" first recorded 1520s. Meaning "boarding house, boarding school" first attested 1640s, from French, and usually in reference to places in France or elsewhere on the Continent.
1640s, "to live in a pension," from pension (n.) or else from French pensionner. Meaning "to grant a pension" is from 1702. Related: Pensioned; pensioning.
Payments made to a retired person either by the government or by a former employer.