old-age pension

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Word: Old-age pension

Part of Speech: Noun

Definition: An old-age pension is a monthly payment given to people who have stopped working because they are retired. This money helps them cover their living expenses after they are no longer earning a salary from a job.

Usage Instructions:

• You can use "old-age pension" when talking about financial support for retired individuals.
• It is often referred to in discussions about retirement plans, government support, and financial security for seniors.

Example Sentence:

• "After working for over 30 years, Maria is now living comfortably on her old-age pension."

Advanced Usage:

In discussions about finance or social welfare, you might encounter phrases like "social security benefits" or "retirement income," which can include old-age pensions.

Word Variants:

• Pensioner: A person who receives an old-age pension.
• Pension: A general term for a regular payment made during a person's retirement.

Different Meaning:

While "pension" primarily refers to retirement payments, it can also refer to any regular payment made to someone for services rendered or as part of a settlement.

Synonyms:

• Retirement benefit
• Senior allowance
• Retirement pension

Idioms and Phrasal Verbs:

• There are no specific idioms or phrasal verbs related to "old-age pension," but you might hear phrases like "live on a fixed income," which refers to relying on a set amount of money, like a pension, for living expenses.

Summary:

An old-age pension is an important financial support system for retirees, helping them to maintain their quality of life after leaving the workforce.

Academic

Noun

1. a monthly payment made to someone who is retired from work

Synonyms

• retirement pension
• retirement check
• retirement benefit
• retirement fund
• superannuation