PENSION Meaning and
Definition
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A pension is a fixed and regular payment provided to an individual, usually after they have retired, to ensure financial stability and support during their later years. It is a form of monetary compensation that serves as a replacement for income that an individual would have otherwise earned through employment. Pensions are typically sponsored by employers or governments, and the amount received is determined by factors such as length of service, salary history, and the terms of the pension plan.
Pensions are designed to meet the needs of retired individuals who may no longer have a steady source of income. They are intended to help these individuals maintain a certain standard of living, cover basic expenses, and cope with any financial challenges that may arise in their older age. Pension payments are usually made on a regular basis, such as monthly or quarterly, and can continue until the recipient's death or for a specific period outlined in the pension plan.
Pensions are an important component of retirement planning and are often seen as a vital source of income for older adults. Many individuals contribute a portion of their earnings towards a pension plan throughout their working years, with the expectation of receiving financial support when they retire. Pensions aim to provide individuals with a measure of financial security and peace of mind as they navigate their later years without the burden of financial instability.
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• An annual allowance of money from the public purse, or from a private person, without an equivalent in labour or otherwise-generally in consideration of past services; a French boarding-house or school.
• To grant an annual allowance of money to.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
Top Common Misspellings for PENSION *
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
Other Common Misspellings for PENSION
Etymology of PENSION
The word "pension" is derived from the Old French term "pension", which can be traced back to the Latin word "pensio" meaning "payment, rent, or tribute". In Latin, "pensio" is the noun form of the verb "pendere", meaning "to pay" or "to weigh". The term was originally used to describe a regular payment or income that was given in exchange for services rendered or as a form of support. Over time, the word evolved and expanded in meaning to refer to a regular payment made to individuals, particularly in retirement, by an employer, government, or pension fund.
Idioms with the word PENSION
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pension off
The idiom "pension off" refers to the act of retiring someone from employment, typically by providing them with a pension or retirement benefits. It means to grant someone a financial arrangement that allows them to stop working and live comfortably in their retirement years.
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pension sm off
Similar spelling words for PENSION
Conjugate verb Pension
CONDITIONAL PERFECT
I
would have pensioned
you
would have pensioned
he/she/it
would have pensioned
we
would have pensioned
they
would have pensioned
I
would have pension
you
would have pension
he/she/it
would have pension
we
would have pension
they
would have pension
CONDITIONAL PERFECT PROGRESSIVE
I
would have been pensioning
you
would have been pensioning
he/she/it
would have been pensioning
we
would have been pensioning
they
would have been pensioning
CONDITIONAL PRESENT
I
would pension
you
would pension
he/she/it
would pension
we
would pension
they
would pension
CONDITIONAL PRESENT PROGRESSIVE
I
would be pensioning
you
would be pensioning
he/she/it
would be pensioning
we
would be pensioning
they
would be pensioning
FUTURE
I
will pension
you
will pension
he/she/it
will pension
we
will pension
they
will pension
FUTURE CONTINUOUS
I
will be pensioning
you
will be pensioning
he/she/it
will be pensioning
we
will be pensioning
they
will be pensioning
FUTURE PERFECT
I
will have pensioned
you
will have pensioned
he/she/it
will have pensioned
we
will have pensioned
they
will have pensioned
FUTURE PERFECT CONTINUOUS
I
will have been pensioning
you
will have been pensioning
he/she/it
will have been pensioning
we
will have been pensioning
they
will have been pensioning
IMPERATIVE
you
pension
we
let´s pension
to pension
PAST CONTINUOUS
I
was pensioning
you
were pensioning
he/she/it
was pensioning
we
were pensioning
they
were pensioning
PAST PARTICIPLE
pensioned
PAST PERFECT
I
had pensioned
you
had pensioned
he/she/it
had pensioned
we
had pensioned
they
had pensioned
PAST PERFECT CONTINUOUS
I
had been pensioning
you
had been pensioning
he/she/it
had been pensioning
we
had been pensioning
they
had been pensioning
PRESENT
I
pension
you
pension
he/she/it
pensions
we
pension
they
pension
PRESENT CONTINUOUS
I
am pensioning
you
are pensioning
he/she/it
is pensioning
we
are pensioning
they
are pensioning
PRESENT PARTICIPLE
pensioning
PRESENT PERFECT
I
have pensioned
you
have pensioned
he/she/it
has pensioned
we
have pensioned
they
have pensioned
PRESENT PERFECT CONTINUOUS
I
have been pensioning
you
have been pensioning
he/she/it
has been pensioning
we
have been pensioning
they
have been pensioning
PRESENT SUBJUNCTIVE
he/she/it
pension
SIMPLE PAST
I
pensioned
you
pensioned
he/she/it
pensioned
we
pensioned
they
pensioned
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