noun · neutral
pension
/ˈpɛnʃən/PEN·sion
A regular payment made to a person, usually after they retire from work.
Examples
“After thirty years with the company she finally received her pension.”
“Many people worry that state pensions will not be enough to live on in the future.”
“He paid into a private pension scheme throughout his career.”
Band 8 sentence
“With increasing life expectancy, many governments face the twin challenges of funding pensions and ensuring long-term sustainability.”
Collocations
- state pension
- private pension
- pension scheme
Word family
Common mistakes
I will get pension when I stop work.→I will get a pension when I stop work.
He depend on pension only.→He depends on his pension only.
Say it for a higher band
5allowance→6retirement fund→7+pension
Synonyms
retirement benefit
Easily confused
retirement benefit
“The company offers generous retirement benefits, including healthcare and a monthly payment.”
pensioner
“Many pensioners struggle with rising living costs.”
Related words
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In Shopping & Money
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