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Meaning of pension plan

pen'sion plan"

Pronunciation: [key]
  1. a systematic plan created and maintained, as by a corporation, to make regular payments of benefits to retired or disabled employees, either on a contributory or a noncontributory basis.
  2. See(def. 1).
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.