pension plan
Americannoun
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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.
Etymology
Origin of pension plan
First recorded in 1955–60
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
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
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, the share of people with access to a pension plan has fallen to less than 25% and continues to decline, Corebridge Financial reports.
From MarketWatch • Dec. 12, 2025
Over the five years ended Dec. 31, 2024, the Intercontinental fund generated an average total return of 0.7% annually, according to a disclosure provided to the pension plan.
From The Wall Street Journal • Nov. 7, 2025
Maybe your employer has an old-age pension plan for his employees.
From Security in Your Old Age (Informational Service Circular No. 9) by Social Security Board
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
