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English definition of “pensionable”

pensionable

adjective     /ˈpenʃənəbl̩/ UK
used to refer to someone's age , job , health , etc. when they are given the right to receive a pension : of pensionable age The survey reveals that 35% of employers are actively hiring people who are already of pensionable age . pensionable job/employment She has only had 15 years of pensionable employment , so is drawing a modest pension of only £3,300.
pensionable pay , salary , etc. is the amount of money someone earns that is used to calculate the pension they will receive : Voluntary contributions to the scheme must not exceed 15% of pensionable earnings .
(Definition of pensionable adjective from the Cambridge Business English Dictionary © Cambridge University Press)
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