PENSION PLAN Definition & Meaning

pension plan

noun

a systematic plan created and maintained, as by a corporation, to make regular payments of benefits to retired or disabled employees, either on a contributory or a noncontributory basis.
retirement plan ( def 1 ).

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�y��vlog History and Origins

Origin of pension plan¹

First recorded in 1955–60

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Example Sentences

Examples have not been reviewed.

In the good old days, employers offered traditional pension plans that paid a set amount monthly or a lump sum.

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UC Investments, which oversees the University of California’s pension plan that invested in the Blackstone opportunistic fund, similarly declined to comment.

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One of the union goals, in addition to $25 an hour, is a pension plan.

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As she was self-employed, she hadn't started a pension plan "because I didn't think there was any need to".

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The firm that sold its stake, which invests funds for the Canadian pension plan, declined to comment.

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