American Heritage® Dictionary of the English Language, Fourth Edition
- n. An arrangement for paying a pension to an employee, especially one funded fully or in large part by an employer.
- n. a plan for setting aside money to be spent after retirement
“To belabor the point, I'd ask if those forty-eight days qualified him for Nelson, Goodwin and Mickel's pension plan (no), if he got to keep his bonus miles (also no), and if he had ever delivered an expert opinion other than the ones he was paid for”
“Since the advantages of having a defined benefit pension plan are so great, you cannot have a pension planand an IRA.”
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