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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 ?
Making sure America remembers its injured and ill veterans is a challenging mission, but we are a strong and influential advocate for veterans' rights.
Senator Jack Marshall--the man who was an ardent defender of veterans' rights for six decades--died at his home in Morrisburg in mid-August.
In addition to protecting veterans' rights, the VFW provides services to military personnel overseas through Operation Uplink; provides $2.
Owing to that commitment, DAV has earned great respect as a strong and influential advocate for veterans' rights.
This important legislation would restore and protect veterans' rights," said NC Mayer.
Cliff) Chadderton, OC, OOnt, DL, LLD is well-known to veterans as a tireless crusader on the issues of veterans' rights and preservation of Canada's military heritage.
The experience they bring is a valuable resource in our efforts to fight for veterans' rights.
They provide us with the tools we need to be actively involved in advocating for veterans' rights, top quality health care and accurate, timely claims decisions.
This is one of the most significant pieces of veterans' rights legislation to be introduced in recent years," said Washington Headquarters Executive Director David W.

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