Pension
/pˈɛnʃən/
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Definition
(noun) An annuity paid regularly as benefit due to a retired employee, serviceman etc. in consideration of past services, originally and chiefly by a government but also by various private pension schemes.
Sentence Examples
The company gave him a large enough pension to live on.
It's hard for him to live on his small pension.
CEFR Practice Quiz
She contributed to her workplace ____ scheme for thirty years and retired with a comfortable income.