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.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
How to use pension plan in a sentence
WPP has ring-fenced 20 media roles for graduates with further training, career advancement and a solid pension plan.‘Productivity is through the roof’: Why companies are waging war on meetings to tackle burnout | Jessica Davies | August 16, 2021 | Digiday
He can pressure local banks for funds and raid the country’s pension plans by nationalizing them.What Happens Next in El Salvador—And What It Means for the U.S. Border | Ian Bremmer | May 10, 2021 | Time
A little over half of all Americans report owning stocks, including in their retirement or pension plans.
It doesn’t seem legally possible for the city to try to seize those assets for the new pension plan.With Legal Fights Over Pension Reform (Maybe) Over, a New Ordeal Begins | Scott Lewis | January 7, 2021 | Voice of San Diego
Most employed people in Britain are automatically placed in a pension plan, and they can usually control where that money goes.Brits are unwittingly pouring their savings into oil and tobacco companies | John Detrixhe | October 20, 2020 | Quartz
So you'd set up a "pension plan" in which, realistically, you were going to be the beneficiary.
Republic wanted to terminate its obligations and put workers in a 401(k) (or at least a more solvent Teamster pension plan).
Almost overnight, the union pension plan went, as one expert told me, from "an organizing tool, to a disorganizing tool".
So now we've got another pension plan that whose "asset base" overperforms in good years, and underperforms in bad ones.Sorry, Folks: One Way or the Other, You'll Never Be Able to Completely Count on Retirement | Megan McArdle | March 15, 2013 | THE DAILY BEAST
And if, say, Verizon tried to fund its pension plan this way, liberals would hit the roof.The Social Security ‘Trust Fund’ is Real—but Useless | Megan McArdle | December 14, 2012 | THE DAILY BEAST
Maybe your employer has an old-age pension plan for his employees.Security in Your Old Age (Informational Service Circular No. 9) | Social Security Board