pension scheme

noun

British

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

Examples of pension scheme in a Sentence

Recent Examples on the Web

At its current rate, the pension scheme will be insolvent by 2033, meaning that recipients will see an up to 25 percent decrease in their monthly benefits unless something happens. —Charlotte Kilpatrick, The New Republic, 19 June 2023

Employers must know how much tax to be deducted from the employee salary, how much to pay the government and how much to credit to mandatory savings/pension scheme accounts. —Raj Maddula, Forbes, 5 May 2023

Despite lacking international recognition, the territory maintains its own border, currency, passports, pension scheme, national anthem and industrial economy, all underpinned by Russian largesse. —Nabih Bulos, Los Angeles Times, 1 May 2023

One of the largest shareholders in the company, Crystal Amber, criticized De La Rue’s management strategy and urged the board to reduce further contributions to its pension scheme. —Michelle Cheng, Quartz, 12 Apr. 2023