Phrases with «pension promises»

"Pension promises" refers to the commitments made by a company or government to provide retirement income to its employees or citizens. It signifies the assurances made about the amount and duration of pension benefits that individuals will receive in the future, usually after they have finished working. Full definition

Sentences with «pension promises»

  • Also, few considered that the current cost of pension promises would eventually force its way into government funding. (alephblog.com)
  • What he said was that instead of using that money to fully fund pensions promised to public sector employees — teachers and school employees — instead we were using it to hire extra staff. (edchoice.org)
  • While traditional pensions promise retirees a fixed monthly benefit for the rest of their lives, 401 (k) s and other defined contribution plans offer no such guarantees. (newyorklife.com)
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