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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.

To avoid taxes, you should do a direct rollover — that way, the money goes straight from the pension plan to the 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

The company said its earnings benefited from an unscheduled refund of contributions from its pension plan that lowered personnel costs and boosted its bottom line by about 50 million euros.

From The Wall Street Journal • Nov. 11, 2025

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 Corwin, Edward Samuel

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