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pension plan

noun

Definitions of pension plan

  • an arrangement with an insurance company for an employee to pay part of their salary towards a pension fund over many years and to then receive a regular sum of money when the employee retires (=stops working because they have reached the pension age)

    "Her pension plan will provide her with an income of around $3500 a month following retirement."

Phrase Bank for pension plan

Synonyms of pension plan

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