pension scheme

noun

Definition of pension scheme

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

Word by Word Definitions

pension play
  1. : a fixed sum paid regularly to a person:

  2. : wage

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

  1. : to grant or pay a pension to

  2. : to dismiss or retire from service with a pension

scheme play
  1. : a mathematical or astronomical diagram

  2. : a representation of the astrological aspects of the planets at a particular time

  3. : a graphic sketch or outline

  1. : to form a scheme for

  2. : to form plans


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