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Meaning of “pensionable” in the English Dictionary

(Definition of pensionable from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"pensionable" in Business English

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uk   us   /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 ​hiringpeople who are already of pensionable age. pensionable job/employment She has only had 15 ​years of pensionable ​employment, so is ​drawing a ​modestpension 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 from the Cambridge Business English Dictionary © Cambridge University Press)
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“pensionable” in Business English

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