noun,pluralpen·sions[pen-shuhnz; French pahn-syawnfor 3 ]. /ˈpɛn ʃənz; French pɑ̃ˈsyɔ̃ for 3 /.
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.
an allowance, annuity, or subsidy.
(in France and elsewhere in continental Europe)
a boardinghouse or small hotel.
room and board.
verb (used with object)
to grant or pay a pension to.
to cause to retire on a pension (usually followed by off).
Origin of pension
1325–75; Middle English (<Old French pensïon) <Latin pēnsiōn- (stem of pēnsiō) a weighing out, hence, a paying out, installment paying, equivalent to pēns(us) (past participle of pendere to weigh out, pay by weight, equivalent to pend- verb stem + -tus past participle suffix, with dt>s) + -iōn--ion
She reduced the bank’s headcount to roughly 10,000 by offering thousands of workers extended severance or early pension arrangements and shrank the bank’s physical footprint by closing or merging dozens of brick-and-mortar branch locations.
She was one of the world’s few female bank CEOs. Now she’s founding a fintech venture group|Claire Zillman, reporter|September 15, 2020|Fortune
Sylvie Delacroix and Neil Lawrence, the originators of this bottom-up approach, liken data trusts to pension funds, saying they should be tightly regulated and able to provide different services to designated groups.
The EU is launching a market for personal data. Here’s what that means for privacy.|Amy Nordrum|August 11, 2020|MIT Technology Review
Some initially feared that pension funds could suffer losses on a scale similar to the Great Recession, but by year’s end pension funds did not sustain losses on nearly such a scale.
Morning Report: Local Pension Funds Scraped by in the Pandemic|Voice of San Diego|July 24, 2020|Voice of San Diego
The pension funds of city and county workers took hard hits back when the pandemic struck in March.
Morning Report: Local Pension Funds Scraped by in the Pandemic|Voice of San Diego|July 24, 2020|Voice of San Diego
The amount of any pension cost increases caused by the pandemic will not be known until later this year, when actuaries for both funds put out their reports and set the contribution rates for 2021.
Here’s Where Local Pensions Funds Stand After Losing Billions to the Pandemic|Ashly McGlone|July 24, 2020|Voice of San Diego
Young says she ultimately lost her health benefits and pension.
The Supreme Court Case Uniting Pro-Lifers & Pro-Choicers|Emily Shire|December 3, 2014|DAILY BEAST
He returned home a pauper without a pension and 50 years later, at 70, chronicled the travails of the War of Independence.