pension plan

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.

Word History and Origins

Origin of pension plan¹

First recorded in 1955–60

Example Sentences

Investors in Blue Owl’s latest $7 billion digital infrastructure fund include the state pension plans of Pennsylvania and New York.

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The company said its earnings benefited from an unscheduled refund of contributions from its pension plan that lowered personnel costs and boosted its bottom line by about 50 million euros.

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Sweeping proposals to raise taxes, create a state-owned lithium company, and scrap Chile’s privately funded pension plan were scaled back.

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Nearly all the pension plan’s assets are in publicly traded stocks and bonds.

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For a long time, Canadian pension plans have argued that they need to provide the best yields for their beneficiaries and need access to international markets to find those returns, she said.

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