The word "pension" is spelled as /ˈpɛnʃən/ in IPA phonetic transcription. The letter "p" at the beginning of the word is pronounced with an aspirated sound, similar to a puff of air being released. The following letters "e" and "n" have their typical sounds, with the "e" pronounced as a short "e" sound and the "n" with a nasal sound. The letters "s-i-o" are pronounced as "sh-uh", with the "o" being a schwa sound. The final "n" is again pronounced with a nasal sound.
A pension is a fixed and regular payment provided to an individual, usually after they have retired, to ensure financial stability and support during their later years. It is a form of monetary compensation that serves as a replacement for income that an individual would have otherwise earned through employment. Pensions are typically sponsored by employers or governments, and the amount received is determined by factors such as length of service, salary history, and the terms of the pension plan.
Pensions are designed to meet the needs of retired individuals who may no longer have a steady source of income. They are intended to help these individuals maintain a certain standard of living, cover basic expenses, and cope with any financial challenges that may arise in their older age. Pension payments are usually made on a regular basis, such as monthly or quarterly, and can continue until the recipient's death or for a specific period outlined in the pension plan.
Pensions are an important component of retirement planning and are often seen as a vital source of income for older adults. Many individuals contribute a portion of their earnings towards a pension plan throughout their working years, with the expectation of receiving financial support when they retire. Pensions aim to provide individuals with a measure of financial security and peace of mind as they navigate their later years without the burden of financial instability.
• An annual allowance of money from the public purse, or from a private person, without an equivalent in labour or otherwise-generally in consideration of past services; a French boarding-house or school.
• To grant an annual allowance of money to.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
The word "pension" is derived from the Old French term "pension", which can be traced back to the Latin word "pensio" meaning "payment, rent, or tribute". In Latin, "pensio" is the noun form of the verb "pendere", meaning "to pay" or "to weigh". The term was originally used to describe a regular payment or income that was given in exchange for services rendered or as a form of support. Over time, the word evolved and expanded in meaning to refer to a regular payment made to individuals, particularly in retirement, by an employer, government, or pension fund.