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pension plan

noun

Simple Definition of pension plan

  • : an arrangement made with an employer to pay money to an employee after retirement

Source: Merriam-Webster's Learner's Dictionary

Full Definition of pension plan

  1. :  an arrangement made with an employer to pay money to an employee after retirement

Word by Word Definitions

pensionplay
  1. : :  a fixed sum paid regularly to a person:

    :  wage

    :  a gratuity granted (as by a government) as a favor or reward

  1. :  to grant or pay a pension to

    :  to dismiss or retire from service with a pension

planplay
  1. : :  a drawing or diagram drawn on a plane: as

    :  a top or horizontal view of an object

    :  a large-scale map of a small area

  1. :  to arrange the parts of :  design

    :  to devise or project the realization or achievement of

    :  to have in mind :  intend


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a division or portion of a pool or whole

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