pensionnoun [ C ]
uk/ˈpen.ʃən/us/ˈpen.ʃən/B2 an amount of money paid regularly by the government or a private company to a person who does not work any more because they are too old or have become ill:
US a government pension
UK a state pension.
He won't be able to draw (= receive) his pension until he's 65.
More examples
- The Chancellor announced a miserly 75p a week rise in the state pension.
- He retired on a generous pension from the company.
- It's a bloody disgrace that some war widows don't get a decent pension.
- The perks of the job include a company pension scheme and a generous travel allowance.
- After years of loyal service, his boss fired him just before he would have qualified for a pension.
Thesaurus: synonyms and related words
Grants & allowances
- all expenses paid idiom
- allowance
- benefit
- bursary
- civil list
- cost-of-living allowance
- dearness allowance
- endowment
- expense account
- featherbed
- freeship
- fringe benefit
- housekeeping
- old age pension
- scholarship
- stabilizer
- subsidize
- subsidy
- travel expenses
- unemployment benefit
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You can also find related words, phrases, and synonyms in the topics:
Retiring & resigning