Meaning of the word "pension scheme" in English
What does "pension scheme" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
pension scheme
US /ˈpɛnʃən skim/
UK /ˈpɛnʃən skim/
Noun
a system by which employees and employers pay money into a fund, from which employees receive a pension when they retire
Example:
•
Many companies offer a generous pension scheme to their employees.
•
She decided to opt out of the company's pension scheme.
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