Meaning of the word "pension plan" in English
What does "pension plan" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
pension plan
US /ˈpɛnʃən plæn/
UK /ˈpɛnʃən plæn/
Noun
a retirement plan that requires an employer to make contributions into a pool of funds set aside for a worker's future benefit
Example:
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My company offers a generous pension plan.
•
It's important to understand your pension plan options.
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