pension benefit


A payout from a retirement plan, usually distributed to the employee as an annuity.

Use pension benefit in a sentence

There was a pension benefit and I really liked what was going to happen and I thought it was cool.

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You should try and offer a good pension benefit to your employees so you can get the most skilled applicants.

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Although they are much rarer now, my uncle who worked for the government for some time still receives a pension benefit in the form of an annuity at regular intervals.

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active member allocation of plan assets on termination