Definition of “pension plan” - English Dictionary

british dictionary

“pension plan” in British English

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pension plannoun [ C ]

uk /ˈpen.ʃən ˌplæn/ us /ˈpen.ʃən ˌplæn/ UK pension scheme

(Definition of “pension plan” from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

“pension plan” in American English

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pension plannoun [ C ]

us /ˈpen·ʃɑn ˌplæn/

a system of investment that allows a person or group to receive a pension

(Definition of “pension plan” from the Cambridge Academic Content Dictionary © Cambridge University Press)

“pension plan” in Business English

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pension plannoun [ C ]

uk us also UK pension scheme, US retirement plan

FINANCE a system which allows people who are working to make regular payments from their income to invest in a pension:

start/take out a pension plan Some of the advice must have sunk in, though, as about two years ago she took out a pension plan.
pay (sth) into/put sth into a pension plan How much should you put into a pension plan to be sure you have adequate retirement income?

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