Definition

A regular payment made to someone after they retire, usually based on their previous earnings, or a type of small hotel that offers meals and lodging.

Example

After working for thirty years, she finally received her pension, which allowed her to enjoy her retirement.

Conversation

Have you thought about how much you need for your pension when you retire?

Yeah, I’ve been trying to calculate it, but it’s a bit overwhelming.

I heard it's important to start saving early for a good pension.

Absolutely, the earlier you start, the better off you'll be later.

Synonyms & Antonyms

Definition

A regular payment made to a person after they retire from work, usually based on their previous earnings and years of service.

Example

After working for thirty years, she received a pension that allowed her to enjoy her retirement.

Tense Forms

Conversation

Have you heard that they might pension off some of the older employees soon?

Yeah, I read about that; it seems necessary for the company's growth.

I wonder how they decide who to pension off first.

Root Explanation

Pension → It originates from the Latin word "pensio" (meaning payment or compensation), derived from "pendere" (meaning to weigh or to pay). The word 'pension' refers to a regular payment made, typically after retirement, as compensation for past services.

Memory Tip

Think of 'payment' ('pensio') that you receive regularly after you stop working — that's what a pension is.

Visually Confused Words