pension plan

noun

: an arrangement made with an employer to pay money to an employee after retirement

Examples of pension plan in a Sentence

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State jobs are known for offering competitive benefits and enrollment in the nation’s largest pension plan. Veronica Fernandez-Alvarado, Sacbee.com, 9 Apr. 2025 In October of last year, Prospect was hit with federal liens for failure to pay into the pension plan for its Connecticut employees. Katy Golvala, Hartford Courant, 2 Apr. 2025 As of the end of 2023, this $4.6 billion pension plan — one of four retirement funds the city manages — held just 22% of the net assets needed to meet its current and future obligations. The Editorial Board, Chicago Tribune, 28 Feb. 2025 One thing is clear: The vast majority of public employees in California are covered by a local or state pension plan, and San Diego competes for employees in that marketplace. Chris Brewster, San Diego Union-Tribune, 7 Feb. 2025 See All Example Sentences for pension plan

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“Pension plan.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/pension%20plan. Accessed 21 Apr. 2025.

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