pension

(redirected from Old age pension)
Also found in: Dictionary, Thesaurus, Legal, Financial, Acronyms, Encyclopedia, Wikipedia.

pension

(1) A regular payment plan intended to provide a person who retired from a job with a secure income for life.
(2) A monthly payment from a pension.
Segen's Medical Dictionary. © 2012 Farlex, Inc. All rights reserved.
References in periodicals archive ?
She said the motion brought by MP Salakae was redundant because Parliament had made a law for old age allowance and further pointed out that the old age pension should be enjoyed by every senior citizen regardless of their financial standing.
While hearing a PIL filed by Ferozepur- resident Hazoor Singh, alleging that thousands of fake old age pension accounts existed in the state, the high court had asked the government to recover the pension from the illegal beneficiaries.
An Old Age Pensions Act was introduced in Victoria at much the same time as in NSW.
Currently the state old age pension is funded from tax revenues and here we have the same problem that South Africa also has to deal with.
the provision of the old age pension to women aged from 60 to 64 diminishes the inequality between such women and comparable men, and between such women and all other persons aged above 65 who are eligible for social assistance.
To obscure the demise of the old age pension insurance program, an abstract and inaccurate word is used to describe the goal of ending Social Security.
Five million state pensioners are set to get the biggest ever rise in income since old age pensions were introduced, Gordon Brown said.
In the new system, unemployed persons after having used their extended unemployment benefit right are eligible for the full old age pension of a 63 year-old at the age of 62.
The demand for tax-funded old age pensions was taken up by the labour movement, which considered it a moral obligation of the state to provide old age pensions.
Mmember of Parliament for Palapye, Mr Moiseraela Goya has opposed a motion requesting government to encourage financially able senior citizens to waive their Old Age Pension Scheme allowances.
Geraldine Roman aims to increase the 'old age pension' to P20,000, from the current P5,000.
The minimum retirement and old age pension is also granted to people who do not have paid contributions even for a minimum amount, but the NSSI is providing the equivalent of the pension.