pension

Meanings

• noun

  A regular payment made during retirement from a pension plan, fund, or insurance policy.

  - "He lived comfortably on his pension."
  - "Social Security is a type of pension."
  - "Many people look forward to receiving their pension after they retire."

• verb

  The act of providing for the financial support of someone, typically an employee, after they retire.

  - "The company pensions its employees."
  - "The government pensioned off thousands of workers."

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Pronunciation

1. /ˈpɛnʃ(ə)n/
   
   
   
   Source: "https://commons.wikimedia.org/w/index.php?curid=2454193"

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Synonyms

bed and breakfast , hostel , hotel , rent , superannuation , pension off

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Rhymes

Words rhyming with pension
denizen , residence , appliance , compliance

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Variants

List of all variants of pension that leads to same result
pension , pensione , pensiones , pensionless , pensions , pensioned , pensioning , pension fund , pension off , pensioned off , pensioning off , pensions off , pension plan , pension scheme

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Etymology

origin and the way in which meanings have changed throughout history.

From Old French 'pension', meaning 'maintenance, allowance'.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. Did you know that the first modern pension system was established in Germany in 1889?

2. The word 'pension' comes from the Latin word 'pensio', meaning 'payment'.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Social Security: A government-run pension program that provides retirement, disability, and survivor benefits.

2. 401(k): A type of retirement savings plan offered by employers, named after the section of the Internal Revenue Code that created it.

3. Annuity: A financial product that provides a series of payments, typically during retirement.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

Pensions have a significant cultural and historical significance, particularly in the context of retirement and social welfare. In literature, pensions have been depicted as a source of security and comfort in old age. For example, in Charles Dickens' 'Our Mutual Friend', the character Silas Wegg dreams of living off a pension. In music, the term 'pension' has been used metaphorically to refer to a steady source of income. For instance, in the Beatles' song 'Taxman', the line 'There's one for you, nineteen for me, 'cause I'm the taxman, but you're just another man' implies a desire for a pension or steady income.

How to Memorize "pension"

1. visualize
   

   - Imagine a stack of checks coming in the mail each month.
   - Visualize a comfortable retirement spent traveling and enjoying hobbies.

2. associate
   

   - Associate the word with retirement and financial security.
   - Think of a steady income stream.

3. mnemonics
   

   - Create a mnemonic by associating the word with the phrase 'Payment In Never Ending Service'.

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