pension
/ˈpɛnʃ(ə)n/noun
An annuity paid regularly as benefit due to a retired employee, serviceman etc.
Example sentence
- “Many old people depend on their pension to pay the bills.”
Related words
raiseTo cause to rise; to lift or elevate.benefitAn advantage; help or aid from something.demotionAn act of demoting; a lowering of rank or status.payrollA list of employees who receive salary or wages, together with the amounts due to each.layoffA dismissal of employees from their jobs because of tightened budgetary constraints or work shortage (not due to poor performance or misconduct).expenseA spending or consuming, often a disbursement of funds.