pension

/pˈɛnʃən/

/ˈpɛnʃən/

Pension

a boarding house or small hotel, often providing lodging for long-term guests or retirees

a monthly payment that a retired person receives from the government or a private company, for which they used to work

to pension

MAIN VERB

grant a pension to

Examples

1. The U.S. tax code now loads the dice in favor of private pension plans.

2. The company's recent collapse has left their pension fund members up the creek.

3. When the economy crashed, thousands lost their jobs, their homes, and their pensions at one fell swoop.

4. After retiring with a hefty pension, he has been living the life of Riley, traveling the world and enjoying his hobbies.