noun
a regular payment made during a person's retirement from an investment fund to which that person or their employer has contributed during their working life
-
Many people rely on their pension as their primary source of income during retirement.
-
My dad just started collecting his pension after working for the same company for 30 years.
-
I can't wait to kick back and start cashing in on my pension.
-
Saving money now is like investing in your future pension.