pension plan

noun

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.
retirement plan (def. 1).

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Origin of pension plan

First recorded in 1955–60

Words nearby pension plan

pensioneer trustee, pensioner, pension fund, pension mortgage, pension off, pension plan, pensive, penstemon, penstock, pent, penta-
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020