Pension

What is it? A retirement fund for employees paid for or contributed to by some employers as part of a package of compensation for the employees work. Pensions became widespread during the Second World War, when they were commonly used as lures because there were more jobs than workers.

Added By: Julian

Send To Friends!

If you'd like to send the Pension definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Pension. If you need any more information on this term, please don't hesitate to contact us.