pension
UK: ˈpenʃn | US: ˈpenʃn
n. a regular payment made during retirement, typically by a government or former employer
n. a sum paid regularly as a rental or stipend (archaic)
vt. to grant or dismiss someone with a pension
pension = pens<pay> + ion<noun suffix>
- pens (from Latin pensare, meaning "to pay, weigh")
- ion (noun-forming suffix indicating action or result)
Etymology Origin:
The word "pension" traces back to Latin pensio ("payment, installment"), derived from pendere ("to weigh, pay"). Historically, pensions were literal payments weighed out (e.g., in silver). Over time, the term narrowed to denote retirement income, reflecting its financial logic. The suffix -ion solidified its noun form in Middle English via Old French.
She receives a monthly pension after retiring from teaching.
The company pension plan ensures financial security for employees.
In the 18th century, artists often relied on royal pensions.
He was pensioned off with a modest sum after decades of service.
The reform aims to make pensions sustainable for future generations.