pension

/ˈpɛnʃ(ə)n/noun

Regular payments made to someone after they retire from work or military service.

Example sentences

“After thirty years of teaching, she now lives comfortably on her pension.”
“He started paying into a pension when he got his first job.”

In French a 'pension' is a guesthouse with meals, a separate borrowing that English travel writing sometimes uses.

Synonyms for pension

retirement income

Related words

raiseExtra money added to your regular pay by your employer, usually as a lasting change.benefitSomething useful or helpful that a person gains from a thing or situation.demotionA move down to a lower position, rank, or level.payrollThe complete record of a company's employees and the wages owed to each of them.layoffThe act of letting workers go because of budget cuts or lack of work, not because they did anything wrong.expenseMoney paid out for something; the cost of a purchase or activity.