Pension

/ˈpenʃn/
Definition 1 of 5
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Lifelong Support

A pension ensures you receive income even when you're not working anymore.

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My grandfather relies solely on his pension for his daily expenses.
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Post-Retirement Benefit

The pension starts after retiring and honors the person's past service or contributions.

Illustration for Post-Retirement Benefit
The teacher looked forward to her pension as a reward for years of dedication.
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