pension meaning
pension :
retirement payment, regular allowance
noun
▪ She receives a pension every month.
▪ She gets a retirement payment every month.
▪ His pension helps him live comfortably.
▪ His retirement payment helps him live well.
paraphrasing
▪ annuity – regular payment
▪ retirement fund – money for after work
▪ benefit – financial help
▪ allowance – regular sum of money
pension :
to give a pension, to retire someone
verb
▪ The company pensioned off the old workers.
▪ The company retired the old workers with payments.
▪ He was pensioned after 30 years of service.
▪ He was retired with payments after 30 years of work.
paraphrasing
▪ retire – to stop working
▪ superannuate – to retire with a pension
▪ dismiss – to let go from work
▪ release – to free from duty
Pronunciation
pension [ˈpɛn.ʃən]
The stress is on 'pen' and sounds like 'pen-shun'.
Common phrases and grammar about pension
pension - Common meaning
noun
retirement payment, regular allowance
verb
to give a pension, to retire someone
Part of Speech Changes for "pension"
▪ pensioner (noun) – a person receiving a pension
▪ pensionable (adjective) – eligible for a pension
Common Expressions with "pension"
▪ receive a pension – get retirement payment
▪ pension plan – retirement payment scheme
▪ pension fund – money saved for pensions
▪ state pension – government retirement payment
Important examples of pension in TOEIC
Vocabulary examples from the TOEIC test
In TOEIC vocabulary questions, pension is often used to refer to retirement benefits.
Example of a confusing word: stipend (a fixed regular sum paid as a salary or allowance)
Grammar examples from the TOEIC test
Pension is used in grammar questions as both a noun and a verb, often to distinguish between receiving and giving pensions.
pension
Idioms and fixed expressions in TOEIC
pension scheme
'retirement payment plan', used in discussions about financial planning for retirement.
pension off
means 'to retire someone with a pension', used when talking about letting employees retire with benefits.
Differences between similar words and pension
pension
,
annuity
differences
Pension is a regular payment after retirement, while annuity is a fixed sum paid yearly.
pension
,
retirement fund
differences
Pension is a regular payment after retirement, while retirement fund is the money saved for after work.
Words with the same origin as pension
The origin of pension
The word pension comes from the Latin 'pensionem', meaning 'payment' or 'rent'.
Word structure
It has the root pens (to pay) and suffix ion (noun), meaning 'payment'.
Words with the same origin
The root of pension is pens (to pay). Words with the same root include compensate (to pay back), dispense (to give out), expense (cost).
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