- A payment; a tribute; something paid or given. - A stated allowance to a person in consideration of past
services; payment made to one retired from service, on account of age,
disability, or other cause; especially, a regular stipend paid by a
government to retired public officers, disabled soldiers, the families
of soldiers killed in service, or to meritorious authors, or the like. - A certain sum of money paid to a clergyman in lieu of
tithes. - A boarding house or boarding school in France, Belgium,
Switzerland, etc.
2 . Pension
[ v. t.]
- To grant a pension to; to pay a regular stipend to; in
consideration of service already performed; -- sometimes followed by
off; as, to pension off a servant.
Simplified Employee Pension (SEP) Simplified Employee Pension (SEP) is an employer sponsored individual retirement account that meets certain requirements. Paper work is reduced for employers who wish to cover employees in a
Pension accrual benefit Pension accrual benefit is a disability income benefit that makes a pension contribution so that the disabled employee’s pension benefit remains intact.
Pension Benefit Guaranty Corporation (PBGC) Pension Benefit Guaranty Corporation (PBGC) is a federal corporation that guarantees the payment of vested or nonforfeitable benefits up to
Pension plan Pension plan is an employer benefit plan funded through insurance, a trust, general assets or other separately maintained funds designed to provide employees with a monthly income benefit upon retirement.
Pre-Funded Pension Pre-Funded Pension is a pension plan in which funds are accumulated and invested throughout an individual’s working life in order to pay for
Pay-As-You-Go Pension Pay-As-You-Go Pension is a pay-as-you-go pension plan sponsor simply pays for pension benefits to retired plan members out of its
Pension Pension benefits are paid to individuals who have retired from active employment, in order to support themselves in the last years of their
Defined Benefit Pensions Defined Benefit Pensions are a pension plan that pays a specified monetary benefit, usually based on a pensioner’s years of service and
Defined Contribution Pensions Defined Contribution Pensions are a pension plan that makes no specified promise about the level of pension paid out after retirement.
Suspension fluid Suspension fluid is a fluid used in suspension systems that are hydraulically adjustable.