Der Pensionsplan
Example: Der Pensionsplan bietet den Mitarbeitern finanzielle Sicherheit im Alter.
Definition
"Der Pensionsplan" refers to a retirement plan designed to provide employees with financial security in their old age by offering regular payments or benefits after they retire from work.
Etymology
The term "der Pensionsplan" combines the German word "Pension," meaning pension or retirement payment, with "Plan," meaning plan or scheme. It reflects the concept of an organized program to ensure income after retirement, a practice that became common in the 20th century with the rise of employee benefit programs.
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"Der Pensionsplan" appears in the Vocaplus list "German - HR - (A1-C2) - set 1", containing 182 commonly used words.
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the pension plan