pension

Definition

Post-retirement benefits that an employee might receive from some employers. A pension is essentially compensation received by the employee after he/she has retired.

Use pension in a sentence

After many years of paying into social security, one may begin receiving their financial pension from the government, after they retire.

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When my grandfather finally retired after 70 years of working for the state, he knew he would be able to live very comfortably off of his pension.

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When my mother retired from the car manufacturer, she was counting on the company to reward her years of service and support her in retirement by paying her a pension.

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