pension

noun
pen·​sion | \ ˈpen(t)-shən How to pronounce pension (audio) \

Definition of pension

 (Entry 1 of 2)

1 \ ˈpen(t)-​shən How to pronounce ˈpen(t)-shən (audio) \ : a fixed sum paid regularly to a person:
a archaic : wage
b : a gratuity granted (as by a government) as a favor or reward
c : one paid under given conditions to a person following retirement from service or to surviving dependents

2 \ päⁿ-​ˈsyōⁿ How to pronounce päⁿ-ˈsyōⁿ (audio) \ [ French, from Middle French ]

a : accommodations especially at a continental European hotel or boardinghouse : room and board
b or less commonly pensione \ pen(t)-​ˈsyō-​(ˌ)nā How to pronounce pensione (audio) \ [ pensione, from Italian ] : a hotel or boardinghouse especially in continental Europe

pension

verb
pensioned; pensioning\ ˈpen(t)-​sh(ə-​)niŋ How to pronounce pensioning (audio) \

Definition of pension (Entry 2 of 2)

transitive verb

1 : to grant or pay a pension to
2 : to dismiss or retire from service with a pension pensioned off his faithful old servant

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Other Words from pension

Noun

pensionless \ ˈpen(t)-​shən-​ləs How to pronounce pensionless (audio) \ adjective

Examples of pension in a Sentence

Noun

Her pension arrives in the mail every month. retired people living on their pensions

Recent Examples on the Web: Noun

The company manages the property in partnership with JBG Smith for its owner, an unidentified pension fund. Patricia Sullivan, Washington Post, "Virginia Tech chooses site closer to Amazon’s new headquarters for Innovation Campus," 10 June 2019 As part of an agreement in 2015, retirees allowed the city to move $200 million from the health care fund to the pension fund. Dan Horn, Cincinnati.com, "No more Viagra: Rising costs might cost Cincinnati retirees coverage for impotence drugs," 9 June 2019 MyEyeDr, which plans to have 575 optometry practices running in 18 states by the end of the year, was previously owned by investment firm Altas Partners and the Canadian pension fund Caisse de dépôt et placement du Québec. Paul R. La Monica, CNN, "Why Goldman Sachs wants to fill your eyeglass prescription," 4 June 2019 Retirees have begun fretting about whether GE's underfunded pension fund may go south too. Grace Schneider, The Courier-Journal, "General Electric's downward spiral continues to slam retirees," 29 June 2018 Aside from the construction costs, the orchestra is raising $50 million to retire its pension debt, strengthen its endowment and cover its growing operating deficit — which is tied to being at the Marcus Center. Tom Daykin, Milwaukee Journal Sentinel, "Milwaukee Symphony's $89 million concert hall will have huge impact on downtown's west side," 15 June 2018 There are some institutions that have taken more of an interest in diversity as of late, including pension funds CalPERS and CalSTRS and investment giants State Street and BlackRock. Emily Stewart, Vox, "California just passed a law requiring more women on boards. It matters, even if it fails.," 3 Oct. 2018 Employers are also tasked with storing an additional 16 percent of migrant's salaries toward a pension fund, making this social benefit inaccessible until asylum seekers choose to leave Israel. Caron Creighton, Fox News, "African migrants reel as Israeli law cuts into salaries," 15 Aug. 2018 California’s largest public-employee pension fund saw an upturn in profits generated from its investments in the last year, officials reported Thursday, a record that offered some improvement to its long-term fiscal stability. John Myers, latimes.com, "CalPERS reports investment returns that improve the pension fund's long-term outlook," 12 July 2018

Recent Examples on the Web: Verb

Probably to help the dangerous situation in the northwest, a local aristocrat, Sir William Brereton managed to have the Abbot’s death sentence cancelled and he and his canons were pensioned off with the closure of Norton Abbey. James Rogers, Fox News, "King of rage: Henry VIII’s bloodthirsty letter demands monk’s brutal death," 2 May 2018 The elderly could be pensioned off, the young dispatched to college and those who had jobs sent back to work. The Economist, "Fifteen years after America’s invasion, Iraq is doing well," 28 Mar. 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'pension.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of pension

Noun

14th century, in the meaning defined at sense 1

Verb

1598, in the meaning defined at sense 1

History and Etymology for pension

Noun

Middle English, from Anglo-French, from Latin pension-, pensio, from pendere to pay — more at pendant

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Learn More about pension

Dictionary Entries near pension

pen shell

pensil

pensile

pension

pensionable

pensionado

pensionary

Statistics for pension

Last Updated

17 Jun 2019

Look-up Popularity

Time Traveler for pension

The first known use of pension was in the 14th century

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More Definitions for pension

pension

noun

English Language Learners Definition of pension

: an amount of money that a company or the government pays to a person who is old or sick and no longer works

pension

noun
pen·​sion | \ ˈpen-shən How to pronounce pension (audio) \

Kids Definition of pension

 (Entry 1 of 2)

: a sum paid regularly to a person who has retired from work

pension

verb
pensioned; pensioning

Kids Definition of pension (Entry 2 of 2)

: to grant or give a regularly paid sum to (a person who has retired from work)

pension

noun
pen·​sion

Legal Definition of pension

: money paid under given conditions to a person following retirement or to surviving dependents — see also defined benefit plan, defined contribution plan

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Comments on pension

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