pension plan

noun

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

Examples of pension plan in a Sentence

Recent Examples on the Web The pension plan for the American Federation of Musicians and Employers is set to receive a $1.5 billion cash influx to save the plan from becoming insolvent. Caitlin Huston, The Hollywood Reporter, 17 July 2024 Critics from the right and left In Bismarck, North Dakota's capital, Burgum pushed cuts to income and property taxes and overhauled North Dakota's pension plan for public employees. Joey Garrison, USA TODAY, 29 June 2024 According to Pension Benefit Guaranty Corporation, the pension plan was projected to become insolvent and run out of money in 2034, with benefits cut by roughly 50 percent below the amount payable under the terms of the plan. Greg Evans, Deadline, 17 July 2024 The pension plan for the musicians’ union, which represents close to 50,000 members in New York who work on Broadway, in bands, in orchestras and in film and theater, is now set to receive the funding. Caitlin Huston, The Hollywood Reporter, 17 July 2024 See all Example Sentences for pension plan 

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'pension plan.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

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Cite this Entry

“Pension plan.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/pension%20plan. Accessed 20 Sep. 2024.

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