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A retirement plan in which an employer makes a contribution into an account each month. The contributions are invested on behalf of an employee, who may begin to make withdrawals after retirement. Typically, pensions are tax-deferred, meaning that the employee does not pay taxes on the funds in the pension until he/she begins making withdrawals. Pensions may have defined contributions, defined benefits, or both. See also: 401(k), IRA.


A pension is a definitely determinable series of payments received from an employer-provided plan after the employee retires.
References in periodicals archive ?
While it is important to recognize such influences, the achievement of Congress and the administration's political objectives should not compromise veterans' rights.
Congressman Paul is a leading advocate for veterans' rights," said Paul Minnesota state coordinator Marianne Stebbins.
The guest of honour will be Major Bruce Henwood, a double amputee and an active advocate of veterans' rights.
It is the same tough nut who, only a few weeks ago, was publicly and thoroughly out-boxed by a woman, the feisty Joanna Lumley, over the Gurkha veterans' rights to become British citizens.
Now why would these men and women need a veterans' rights advocate?
Thurmond has actively advocated veterans' rights for more than 30 years, including two decades of support for the recently successful initiative to elevate the Veterans Administration to Cabinet level.
In addition to protecting veterans' rights, the VFW and its Ladies Auxiliary provide services to military personnel overseas through Operation Uplink, provides $2.
That has proven true time and again, especially in fighting for veterans' rights and in supporting programs that benefit injured and ill veterans as well as their families and survivors.

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