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pension plan

American  

noun

  1. 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.

  2. retirement plan.


Etymology

Origin of pension plan

First recorded in 1955–60

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.

Find insight on Brookfield Asset Management, pension plan funding, Intesa Sanpaolo and more in the latest Market Talks covering financial services.

From The Wall Street Journal • May 8, 2026

If your husband takes a lump-sum distribution from a qualified pension plan, it is typically eligible to be rolled over into a traditional IRA.

From MarketWatch • May 6, 2026

It was a miss, and the adjusted figure excluded $825 million in charges, mainly due to pension plan changes.

From Barron's • Feb. 17, 2026

However, access to a pension plan has fallen to less than 25% and continues to decline, Corebridge Financial reports.

From MarketWatch • Nov. 18, 2025

Maybe your employer has an old-age pension plan for his employees.

From Security in Your Old Age (Informational Service Circular No. 9) by Social Security Board

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