Pension

Definition

Pension is a noun that refers to a regular payment made to a person, typically after retirement, as a benefit from employment or government service. It can also function as a verb, meaning to grant or pay a pension to someone.

Parts of Speech

• Noun
• Verb

Pronunciation

American English

• IPA Pronunciation: /ˈpɛn.ʃən/
• Respelling: PEN-shuhn

British English

• IPA Pronunciation: /ˈpɛn.ʃən/
• Respelling: PEN-shuhn

Etymology

The word "pension" originates from Latin "pensio," meaning "payment" or "weighing," derived from "pendere" (to weigh or pay). It entered Old French as "pension" and Middle English in the 14th century, initially referring to a regular payment or allowance.

Derivatives

• Pensioner (noun)
• Pensionable (adjective)
• Pensionless (adjective)
• Superannuation (noun)
• Repension (verb, rare)

Synonyms

• Annuity
• Retirement benefit
• Allowance

Antonyms

• None

Usage

The term "pension" is commonly used in the context of financial support for retirees. For example, "He receives a monthly pension after 30 years of service" or "The company decided to pension off some of its older employees."

Related Terms

• Retirement: The period of life after leaving employment.
• Superannuation: A retirement benefit scheme.
• Gratuity: A lump sum payment given upon retirement.

Detailed Definitions

Noun

• A regular payment for retirees: Refers to financial support given after retirement as a benefit from employment or government service.
  • Example: "Her pension ensures a comfortable retirement."
• A financial allowance: Refers to periodic payments made to individuals under special circumstances, such as disability or injury.
  • Example: "He receives a disability pension from the government."

Verb

• To grant a pension: Refers to providing someone with regular payments as part of a retirement or compensation plan.
  • Example: "The organization pensioned off its retiring employees."