PENSIONER Meaning and
Definition
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A pensioner is an individual who is in receipt of a pension, which is a regular, fixed payment provided by a government or a company to a retired employee or someone who is no longer able to work due to age, illness, or disability. The pension serves as financial support for the pensioner to cover their basic needs and maintain a decent standard of living during their retirement years.
Pensioners are typically individuals who have reached the official retirement age specified by the government or the employment contract. In some countries, this age is legally mandated, while in others it may vary depending on the specific circumstances of the individual. Pensioners may include retired government officials, military personnel, teachers, workers from various industries, and so on.
Pension payments are usually funded through contributions made by the employee and their employer throughout their working years, which are then invested to generate the necessary funds for future pension payments. Additionally, some government and private organizations may also subsidize pension plans to ensure pensioners are adequately supported.
Pensioners rely on these payments to cover their housing, healthcare, food, and other essential expenses. As pensioners often have limited earning potential, the pension becomes a crucial source of income for them. Consequently, the financial security and well-being of pensioners are of great concern to policymakers, who continuously work to ensure pension systems remain sustainable and responsive to the needs of an aging population.
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One who receives a pension; a discharged soldier who receives a pension; one of an honourable band of gentlemen attendant upon the sovereign; at Cambridge or Dublin, a student of the second rank who pays for his own board and other charges-at Oxford such a one is a commoner.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
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Etymology of PENSIONER
The word "pensioner" has its roots in the Old French word "pensionaire", which ultimately derives from the Latin word "pensionarius". In Latin, "pensionarius" referred to a person who received a regular payment or a stipend, typically for their services or due to their status. From there, the word made its way into Middle English in the 14th century as "pensioner", retaining a similar meaning of someone who receives a regular pension or allowance, often in retirement. Over time, the term "pensioner" came to specifically describe individuals who receive a pension from a government, institution, or employer upon retirement.
Similar spelling words for PENSIONER
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