pensions (B1)
noun
Pronunciation: /ˈpɛnʃənz/
Definition
Regular sums of money paid to people who have retired from work, usually by the government or a former employer.
Examples
Many people worry about having enough money for their pensions.
The company offers a generous pension plan to its employees.
How to Use pensions
- pension plan (collocation)
- A scheme offered by an employer to provide retirement income. — "The company offers a comprehensive pension plan for all employees."
- pension scheme (collocation)
- A system set up by an employer or government to provide pensions. — "He joined a new pension scheme when he changed jobs."
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