Work and business / B1

PENSHUN/ˈpenʃn/

A pension is regular money after you retire: a state pension; a workplace pension; live on a pension. Pensioner is the person. Retirement is the period or decision; pension is the payment. UK news: pension age, auto-enrolment, triple lock. Do not confuse it with compensation (money for a loss) or with a boarding house (US pension in some languages means a cheap hotel).

Meaning

Money paid regularly by the state or a company after you stop work because of age.

Examples

• “He plans to retire next year and live on his pension.”
• “The state pension age is rising, which worries many workers in their fifties.”
• “She paid into a workplace pension for thirty years.”

Good to know

state / workplace pension; live on a pension. Person: pensioner. The life stage: retirement. Not a hotel; not compensation.

Topics

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