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

If your husband takes a lump-sum distribution from a qualified pension plan, it is typically eligible to be rolled over into a traditional IRA.

From MarketWatch • May 6, 2026

To avoid taxes, you should do a direct rollover — that way, the money goes straight from the pension plan to the IRA.

From MarketWatch • May 6, 2026

JBS said Sunday that the Greeley local chose not to sign on to the broader pension plan as part of its new labor agreement.

From The Wall Street Journal • Apr. 13, 2026

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

We feel bound to hold that a pension plan thus imposed is in no proper sense a regulation of the activity of interstate transportation.

From The Constitution of the United States of America: Analysis and Interpretation Annotations of Cases Decided by the Supreme Court of the United States to June 30, 1952 by Corwin, Edward Samuel