English Reference

Word

pension

Phoneticspen·sion, stress on the first syllable

/ˈpɛnʃən/

Definitions

01retirement money

B2 · Upper Intermediate Countable noun

n. money you receive regularly from the government or a company after you stop working because of your age.

n. a regular payment made during a person's retirement from an investment fund to which that person or their employer has contributed.

“My grandfather lives quite comfortably on his state pension and his savings.”

“The company faced significant criticism after failing to adequately fund the employee pension scheme during the economic downturn.”

Synonyms

annuityretirement fundallowance

Antonyms

02to give a pension

C1 · Advanced Formal

v. to give someone a pension or to make them retire with a pension.

v. to grant a pension to an individual, or to compel retirement by providing an annuity.

“The company decided to pension off several senior managers during the merger.”

“The civil servant was pensioned off after forty years of dedicated service to the ministry.”

Usage

Usually appears in the phrasal verb 'pension off'.

Synonyms

Antonyms

Collocations

Common phrases and expressions where native English speakers use the word “pension” in context.

Verb

01. contribute to a pension

“It is wise to start contributing to a pension as soon as you enter the workforce.”

verb + prep + noun

02. draw a pension

“My grandfather has been drawing a pension since he retired at sixty-five.”

verb + noun

03. live on a pension

“Many elderly people find it difficult to live on a state pension alone.”

verb + prep + noun

Adjective

04. occupational pension

“The company offers a generous occupational pension to all full-time employees.”

adj + noun

05. private pension

“She decided to set up a private pension to supplement her government benefits.”

adj + noun

Noun

06. pension age

“The government is considering raising the state pension age to sixty-eight.”

noun + noun

07. pension pot

“He was surprised by how much his pension pot had grown over the last decade.”

noun + noun

08. pension scheme

“The HR department provided details about the new company pension scheme.”

noun + noun

Real-World Examples

“He doesn't think he'll get any kind of state pension.”
BBC News 30 Jun 2026
“And if we hadn’t done anything our aged pension cost would be higher than they are today.” How much higher is too hard to say.”
The Guardian 17 Aug 2026

Etymology

From Middle English pencioun, pensioun, from Anglo-Norman pencione, Old French pencion, and their source, Latin pēnsiō (“payment, weight, rent, compensation”), from the participle stem of pendō (“to weigh”).

From French pension, from Old French pencion, as etymology 1 above. Doublet of pensione.

Etymology adapted from Wiktionary, available under CC BY-SA 4.0.

Word family

NOUN

pension(B2)

Idioms

Domain

Finance

This entry

Exam level
CambridgeCambridgeCambridge English QualificationsThe exam suite from Cambridge University Press & Assessment, from A1 Movers up to C2 Proficiency. The benchmark names double as CEFR labels.B2 FirstIELTSIELTSInternational English Language Testing SystemThe 0–9 band test co-owned by the British Council, IDP, and Cambridge. Used for university entry, work, and migration.5.5–6.5TOEFL iBTTOEFL iBTTest of English as a Foreign Language, Internet-Based TestETS's academic English test, the standard route for US university admissions. Scored 0–120, with a 1–6 scale since 2026.1–6 scale: 4.0–4.572–94TOEICTOEICTest of English for International CommunicationETS's workplace English test, big in Japan and Korea. Listening & Reading scores 10–990 and tops out at C1.785–944
Frequency
Common
Level
B2 · Upper IntermediateOxford
Updated

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