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pension

American  
[pen-shuhn, pahn-syawn] / ˈpɛn ʃən, pɑ̃ˈsjɔ̃ /

noun

pensions plural
  1. a fixed amount, other than wages, paid at regular intervals to a person or to the person's surviving dependents in consideration of past services, age, merit, poverty, injury or loss sustained, etc..

    a retirement pension.

  2. an allowance, annuity, or subsidy.

  3. (in France and elsewhere in continental Europe)

    1. a boardinghouse or small hotel.

    2. room and board.


verb (used with object)

pensions, present (3rd person singular) pensioned, past participle, past pensioning present participle
  1. to grant or pay a pension to.

  2. to cause to retire on a pension (usually followed byoff ).

pension 1 British  
/ pɑ̃sjɔ̃ /

noun

  1. a relatively cheap boarding house

  2. another name for full board

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

pension 2 British  
/ ˈpɛnʃən /

noun

  1. a regular payment made by the state to people over a certain age to enable them to subsist without having to work

  2. a regular payment made by an employer to former employees after they retire

  3. a regular payment made to a retired person as the result of his or her contributions to a personal pension scheme

  4. any regular payment made on charitable grounds, by way of patronage, or in recognition of merit, service, etc

    a pension paid to a disabled soldier

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

verb

  1. (tr) to grant a pension to

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
pension Cultural  
  1. Payments made to a retired person either by the government or by a former employer.


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Etymology

Origin of pension

First recorded in 1325–75; Middle English, from Old French pensïon, from Latin pēnsiōn-, stem of pēnsiō “measured weight,” hence, “payment, rent,” from pēns(us) “weighed” (past participle of pendere “to hang, weigh out, pay by weight”) + -iō -ion

Explanation

A pension is a regular payment, usually from a company you worked for, that allows you to survive without working after you retire. In used to be common for someone to spend their entire career at one company, and then retire at 65 and receive a pension: regular payments of enough money to live on in old age. Nowadays, not that many jobs offer pensions, and it's hard for companies that do to pay for them, which is why you're likely to hear this word when people are arguing about budget cuts. It's also a verb: if you pension your employee, you give them a pension. How nice of you!

Keep Reading on Vocabulary.com

Vocabulary lists containing pension

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.

See Examples For:

The lower a pension fund’s ratio, the harder it is to dig out of the hole even as taxpayers shovel out more and more money to keep the shortfall from growing.

From The Wall Street Journal Jul. 13, 2026

Double-check the terms of the survivor options of your military pension and state pension.

From MarketWatch Jul. 13, 2026

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

From BBC Jul. 11, 2026

The government is looking to encourage pension funds, including the $1.8 trillion GPIF, to make further investments in Japanese financial assets.

From The Wall Street Journal Jul. 10, 2026

She was a fifty-four-year-old widow living off a small pension and social security with five kids still left to raise.

From "The Color of Water: A Black Man's Tribute to His White Mother" by James McBride

Long-shot goals, like restoring auto worker pensions, could be in play in the next round of talks in 2028, said Art Wheaton, a labor expert at Cornell University.

From The Wall Street Journal Jul. 13, 2026

Given that your pensions and disability payments will drop to around $30,000 a year after your death, it makes sense to maximize your Social Security benefits.

From MarketWatch Jul. 13, 2026

Social Security was meant to be one leg of a “three-legged stool” of retirement income, with the other two legs being workers’ own savings and their company-provided pensions.

From MarketWatch Jul. 7, 2026

Senior doctors across England have voted in favour of strike action in the future over pay and pensions.

From BBC Jul. 6, 2026

The President awarded the three detectives the People’s Medal and gave them lifelong pensions.

From "The Ear, the Eye, and the Arm" by Nancy Farmer

The family is now composed of the same sort of banal attention-seekers and time-servers as the rest of Europe’s pensioned aristocracy, which includes Facebook-addled coup plotters and Epstein island guests of honor.

From Slate Apr. 21, 2023

The following year, four years after the explosion, he was pensioned out of the army and started a university degree in psychology.

From BBC Dec. 6, 2021

The airline struggled with a 51-day pilots' strike between September and November 2017, grounding half its fleet and resulting in dozens of pilots being fired, while others resigned or were pensioned off.

From Reuters Nov. 25, 2021

It’s also an issue in the United States, although a lot of independent groups and regulators put forth measures to find homes for retired and pensioned horses.

From Los Angeles Times Dec. 16, 2020

“Not that it need come to that,” Mr. Owen blurted, meaning Tansy might marry and be saved before she was pensioned off.

From "The Teacher’s Funeral" by Richard Peck

Downpour and Inferno are states that people drive between pensioning their senators and whitegoods.

From New York Times Apr. 15, 2022

Hastily whipped together and jammed through to passage in the feverish closing days of the last Congress, the Act provided for compulsory pensioning of all U. S. railroad employes�about 1,000,000.

From Time Magazine Archive

More important, he ruled that pensioning railway employes had nothing to do with regulating interstate commerce.

From Time Magazine Archive

No European nation thinks of pensioning an ex-soldier simply because he was drafted to fight for his country.

From Time Magazine Archive

The new emperor showed himself more merciful, by pensioning instead of destroying his unfortunate foes.

From Historic Tales, Vol. 12 (of 15) The Romance of Reality by Morris, Charles

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