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noun

pension

/ˈpenʃən/  ·  say it: PEN·shun

regular income paid after retirement

In Banking & Finance

In more detail

1. (noun) a regular payment of money given to a person who has retired from work, usually based on their age or years of service

2. (noun) a small hotel or boarding house, especially in Europe

Examples

How to use pension

The primary meaning refers to regular income after retirement, typically provided by a previous employer or government. The second meaning, a small European guesthouse, is less common in modern English but remains standard in certain contexts. Context makes the distinction clear.

Common phrases

Synonyms

retirement income · annuity · allowance · superannuation

Word family

pensioner (noun) · pensionable (adjective)

A common mistake

Learners sometimes use 'pension' as a verb when only the noun forms are standard; the verb 'pension off' (meaning to retire someone) is less frequent than the noun.

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