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.

Origin of pension plan

1
First recorded in 1955–60

Words Nearby pension plan

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

How to use pension plan in a sentence