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.

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Etymology

Origin of pension plan

First recorded in 1955–60

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Example Sentences

See Examples For:

pension plan

Ever wanted to write a song so huge it becomes your pension plan?

From BBC ● Jul. 11, 2026

They get a pension plan based on their years of work and salary.

From The Wall Street Journal ● Jul. 10, 2026

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 the money is paid to you, the administrator of the pension plan is obliged to withhold 20% for taxes.

From MarketWatch ● May 6, 2026

We feel bound to hold that a pension plan thus imposed is in no proper sense a regulation of the activity of interstate transportation.

From The Constitution of the United States of America: Analysis and Interpretation Annotations of Cases Decided by the Supreme Court of the United States to June 30, 1952 by Edward Samuel Corwin

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