Meaning of “old age pension” in the English Dictionary


"old age pension" in Business English

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old age pensionnoun [ C ]

uk us

FINANCE, GOVERNMENT in the UK, a type of retirement pension that is paid regularly by the state to people who have stopped working because they have reached a particular age:

He has no savings and lives on his old age pension.

(Definition of “old age pension” from the Cambridge Business English Dictionary © Cambridge University Press)