pension plan

noun

: an arrangement made with an employer to pay money to an employee after retirement

Examples of pension plan in a Sentence

Recent Examples on the Web
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In Canada, more than 1,300 employees at the General Motors’ assembly plant in Ontario will transition to a pension plan. Dan Doonan, Forbes, 9 Jan. 2025 In those years, Machinists’ wages had not kept up with the massive jump in cost of living in the region, and the workforce still held a grudge after Boeing twice threatened to take production to its nonunion factory in South Carolina, resulting in a vote to end the Machinists’ pension plan. Tribune News Service, Boston Herald, 7 Jan. 2025 Rather, the Social Security Fairness Act restores windfall Social Security benefit payments to public sector employees who participate in a government pension plan as a substitute for Social Security. Kevin Lynn, Newsweek, 7 Jan. 2025 Boeing has held firm in resisting a union demand to restore the traditional pension plan that was frozen a decade ago. David Koenig and Manuel Valdes, Los Angeles Times, 23 Oct. 2024 See all Example Sentences for pension plan 

Dictionary Entries Near pension plan

Cite this Entry

“Pension plan.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/pension%20plan. Accessed 18 Jan. 2025.

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