pension plan
Americannoun
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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.
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.
If you’re not among the 18% currently in a pension plan, you have to replicate the process of turning your savings into a steady source of income if you want to feel secure.
From MarketWatch ● Sep. 8, 2026
Ever wanted to write a song so huge it becomes your pension plan?
From BBC ● Jul. 11, 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
This rule will help employers change their retirement offerings, from accumulation-only, to those that provide secure retirement income—like a pension plan.
From The Wall Street Journal ● Apr. 2, 2026
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
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
