pension plan
pension plan — noun
1. a way of saving money during your working life so that you receive a regular inc
a way of saving money during your working life so that you receive a regular income after you stop working; you, your employer, or both put money into it over many years
Kofi started a personal pension plan at thirty and adds money from every paycheck.
personal pension plan for individual retirement savings
First Commercial Bank offers an individual pension plan for freelance designers, with deposits starting at one hundred fifty dollars monthly.
offer + pension plan + for [type of worker] + with [contribution details]
Since retiring at sixty-two, Mei-Ling has relied on her pension plan to cover her apartment rent and monthly medication costs.
Noa met with a financial advisor to compare different pension plans before choosing one.
- retirement plan
more general term that can include other savings methods besides traditional pensions
- retirement savings scheme
British English term, slightly more formal
文法句型
have + a pension plan
contribute to + a pension plan
pension plan + for [person]
用法筆記
A pension plan is the savings arrangement; the money you receive after retiring is called a pension. The two terms are related but not interchangeable.
常見錯誤
2. a retirement savings arrangement that a company or organization offers to its wo
a retirement savings arrangement that a company or organization offers to its workers, often with the employer contributing money alongside the employee
Chiara signed up for the company pension plan on her first day at the factory.
company pension plan as workplace benefit
Ayah's employer adds five percent of her salary to her pension plan each month.
employer contribution to the pension plan
The Tainan warehouse union contract raised the company's pension contribution from three to five percent of each worker's pay.
Haruto switched jobs and transferred his old pension plan to his new employer's system.
- company pension scheme
British English; refers to the same employer-based arrangement
- workplace pension
modern, neutral term common in policy discussions
文法句型
offer/provide + a pension plan
join/sign up for + a pension plan
under + [employer's] pension plan
用法筆記
In Taiwan, the employer-sponsored pension plan is commonly called 勞退制度 (labor pension system) under the Labor Pension Act.