B2nounmoneywork
US/ˈpen.ʃən/
UK/ˈpen.ʃən/
money paid regularly to someone who has stopped working because of their age
In context
My grandfather lives on a small state pension after forty years as a teacher.
Many freelancers do not pay into a pension and worry about their old age.
The government plans to raise the age at which people can draw a pension.
Words that go with pension
noun + noun
- state pensionThe state pension is not enough to live comfortably.
- pension fundThe pension fund invests in property and government bonds.
- pension schemeThe company offers a generous pension scheme to all staff.
verb + preposition
- pay into a pensionStart to pay into a pension as early as you can.
verb + noun
- draw a pensionShe was able to draw a pension at fifty-five.