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state pension

 
 
noun [C or U] GOVERNMENT, FINANCE

Definition

a regular income paid by the government to someone who does not work anymore: be eligible for/qualify for a state pension When he turns 65, he becomes eligible for a state pension. on a state pension I am a senior citizen, living on a state pension. Susan will be entitled to the full basic state pension on her 60th birthday.
(Definition of state pension noun from the Cambridge Business English Dictionary © Cambridge University Press)

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