The pension
Example: Pension provides income to employees after retirement
Definition
"The pension" is a regular payment made to employees after retirement, providing a steady income based on their years of service or contributions during their working life. It serves as financial support to help retirees maintain their living standards without active employment.
Etymology
The word "pension" comes from the Latin word 'pensionem', meaning 'payment' or 'weighing out.' Originally, it referred to a fixed allowance paid regularly, evolving over time to specifically denote retirement income. Did you know? The concept of pensions dates back to Roman times, where soldiers received pensions after service.
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"The pension" appears in the Vocaplus list "English - HR - (A1-C2) - set 1", containing 182 commonly used words.
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