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.
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
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
JBS said Sunday that the Greeley local chose not to sign on to the broader pension plan as part of its new labor agreement.
From The Wall Street Journal ● Apr. 13, 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.
