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pension

American  
[pen-shuhn, pahn-syawn] / ˈpɛn ʃən, pɑ̃ˈsjɔ̃ /

noun

  • pensions
    plural
  1. a fixed amount, other than wages, paid at regular intervals to a person or to the person's surviving dependents in consideration of past services, age, merit, poverty, injury or loss sustained, etc..

    a retirement pension.

  2. an allowance, annuity, or subsidy.

  3. (in France and elsewhere in continental Europe)

    1. a boardinghouse or small hotel.

    2. room and board.


verb (used with object)

  • pensions,
    present (3rd person singular)
  • pensioned,
    past participle,  past
  • pensioning
    present participle
  1. to grant or pay a pension to.

  2. to cause to retire on a pension (usually followed byoff ).

pension 1 British  
/ pɑ̃sjɔ̃ /

noun

  1. a relatively cheap boarding house

  2. another name for full board

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

pension 2 British  
/ ˈpɛnʃən /

noun

  1. a regular payment made by the state to people over a certain age to enable them to subsist without having to work

  2. a regular payment made by an employer to former employees after they retire

  3. a regular payment made to a retired person as the result of his or her contributions to a personal pension scheme

  4. any regular payment made on charitable grounds, by way of patronage, or in recognition of merit, service, etc

    a pension paid to a disabled soldier

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

verb

  1. (tr) to grant a pension to

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
pension Cultural  
  1. Payments made to a retired person either by the government or by a former employer.


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Present

Past

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Etymology

Origin of pension

First recorded in 1325–75; Middle English, from Old French pensïon, from Latin pēnsiōn-, stem of pēnsiō “measured weight,” hence, “payment, rent,” from pēns(us) “weighed” (past participle of pendere “to hang, weigh out, pay by weight”) + -iō -ion

Explanation

A pension is a regular payment, usually from a company you worked for, that allows you to survive without working after you retire. In used to be common for someone to spend their entire career at one company, and then retire at 65 and receive a pension: regular payments of enough money to live on in old age. Nowadays, not that many jobs offer pensions, and it's hard for companies that do to pay for them, which is why you're likely to hear this word when people are arguing about budget cuts. It's also a verb: if you pension your employee, you give them a pension. How nice of you!

Keep Reading on Vocabulary.com

Vocabulary lists containing pension

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.

See Examples For:

Unlike the four major professional sports in the U.S., wrestlers have no pension and no retiree health benefits.

From Salon ● Oct. 2, 2026

Any push to fundamentally overhaul the pension system is likely to run up against firm opposition.

From The Wall Street Journal ● Oct. 1, 2026

She's in a better place financially now, but recently became self-employed and is no longer part of a private pension scheme, something she hopes to change.

From BBC ● Oct. 1, 2026

On Thursday, the government outlined a 2027 budget proposal that contains 43 billion euros in cuts and cost savings, equivalent to $49 billion, including steps to tighten spending on the country’s bloated pension system.

From The Wall Street Journal ● Oct. 1, 2026

If the police give a dance for their pension fund and everyone else gives a dollar, Dora has to give fifty dollars.

From "Cannery Row" by John Steinbeck

Kounalakis told The Times in May she would prioritize responsible management of state finances and investment in housing and infrastructure and protect public employee pensions through transparent oversight of the state’s investment portfolio.

From Los Angeles Times ● Oct. 1, 2026

Burnham’s speech at the Labour conference also outlined changes to pensions and plans to strengthen control of water companies, build a national care service and create a public body to invest in the electricity grid.

From The Wall Street Journal ● Sep. 30, 2026

Shadow work and pensions secretary Helen Whately said the measures were designed to "show some tough love" to reduce the number of Neets.

From BBC ● Sep. 30, 2026

Millions of Americans own these companies directly or indirectly through retirement accounts, pensions, mutual funds and direct investments.

From The Wall Street Journal ● Sep. 27, 2026

“They get holidays, don’t they? And — and sick leave, and pensions, and everything?”

From "Harry Potter And The Goblet Of Fire" by J. K. Rowling

This is why James Anderson was pensioned off, why performances in domestic cricket were largely ignored and why parts of the County Championship were turned into an experiment with the Kookaburra ball.

From BBC ● Dec. 7, 2025

The airline struggled with a 51-day pilots' strike between September and November 2017, grounding half its fleet and resulting in dozens of pilots being fired, while others resigned or were pensioned off.

From Reuters ● Nov. 25, 2021

It’s also an issue in the United States, although a lot of independent groups and regulators put forth measures to find homes for retired and pensioned horses.

From Los Angeles Times ● Dec. 16, 2020

“Maybe it’s time for the whole thing to be pensioned off and rethought.”

From New York Times ● Aug. 21, 2017

“Not that it need come to that,” Mr. Owen blurted, meaning Tansy might marry and be saved before she was pensioned off.

From "The Teacher’s Funeral" by Richard Peck

Downpour and Inferno are states that people drive between pensioning their senators and whitegoods.

From New York Times ● Apr. 15, 2022

The period-of-presumption idea was done away with entirely, the Government pensioning War veterans frankly on their civil disability.

From Time Magazine Archive

From Berlin they learned that Handsome Adolf himself had suppressed news of the Habicht ultimatum in Germany and was thinking of pensioning or retiring him from his post as "Inspector General for Austria."

From Time Magazine Archive

When Iowa sent a pension to Joseph Newt Finney, she joined no less than 26 other States, Alaska and Hawaii, in pensioning her aged.*

From Time Magazine Archive

And then he goes on to allude to Prince Bismarck's "abominable proposition to create a fund for pensioning invalid workmen by a monopoly of tobacco"!

From The History of the Fabian Society by Edward R. Pease

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