The pension paid to a retired person by a former employer.
they were living off modest occupational pensions
as modifier the number of workers in occupational pension schemes has fallen
Example sentencesExamples
- Occupational pensions of a sort were introduced in France.
- Retirement savings schemes fell into one of two categories: provident funds and voluntary, private, and occupational pension plans.
- In his very first budget he elected to tax existing occupational pension funds.
- The pension would most likely not be suitable for people who had access to an occupational pension.
- With the uptake of occupational pensions so low, millions of ordinary workers will have no choice but to work longer or face poverty in later life.
- You could end up with a handful of occupational pensions, each paying out relatively little.
- The job provides a good occupational pension in addition to a full State pension.
- Women are also less likely to be in jobs with occupational pensions attached.
- That said, occupational pensions are by no means perfect.
- At the moment, people with occupational pensions can't retire and then continue to work part-time for their previous employer.