pension
Meaning
A pension is a regular payment made during retirement from an investment fund that individuals contribute to during their working life.
💡 A common mistake is using "pension" to refer only to government pensions, while it can also refer to private or occupational pensions.
Example Sentences
Word in Context
When
Maria
turned
sixty
,
she
started
checking
her
finances
more
carefully
.
She
had
a
workplace
pension
and
planned
to
use
it
along
with
her
personal
savings
to
pay
monthly
bills
.
At
first
she
worried
that
the
money
would
not
be
enough
,
but
after
making
a
simple
budget
she
felt
more
relieved
and
confident
.
Now
she
enjoys
quiet
mornings
in
her
garden
and
visiting
friends
in
the
afternoons
.
Common Phrases
retirement pension
pension scheme
state pension
Related Words
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