Phrases with «company pension»

A company pension is a retirement plan provided by a company to its employees. It is a way for employees to save money over their working years, which they can then use to support themselves financially after they retire. The company may contribute money to the pension fund on behalf of the employee, and the amount of money available in the pension will depend on factors such as the employee's salary and the number of years they have worked for the company. Full definition

Related phrases

Sentences with «company pension»

  • As boomers know, the longstanding tradition of company pension plans has been disappearing in favor of 401 (k) plans. (inc.com)
  • The most common type of company pension is what is known as a defined contribution plan. (moneysense.ca)
  • British retirees receive just 38 per cent of their income from government pensions, far less than German and Italian retirees; British retirees get 26 per cent from company pensions. (moneysense.ca)
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