pension plan

American  

noun

1. 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.

2. retirement plan.

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Etymology

Origin of pension plan

First recorded in 1955–60

Example Sentences

It was a miss, and the adjusted figure excluded $825 million in charges, mainly due to pension plan changes.

From Barron's • Feb. 17, 2026

However, access to a pension plan has fallen to less than 25% and continues to decline, Corebridge Financial reports.

From MarketWatch • Nov. 18, 2025

Auwaerter has been advising the board of trustees at the pension plan for the town’s public-safety workers and firefighters.

From The Wall Street Journal • Nov. 7, 2025

UC Investments, which oversees the University of California’s pension plan that invested in the Blackstone opportunistic fund, similarly declined to comment.

From Los Angeles Times • Aug. 1, 2024

Don't expect to find production data, production formulas, detailed outlines of a company's pension plan, or the number of personal computers in a company.

From The Online World by De Presno, Odd