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occupational pension

 

Definitions from the Web

Term: Occupational Pension

Description: An occupational pension refers to a retirement benefit provided by an employer to its employees as a part of their overall compensation package. It is a type of pension plan that offers financial security and regular income to employees after their retirement, based on their salary, years of service, and contributions made during their working years.

Sense 1:

- Noun: A retirement plan offered by employers to their employees, typically funded by contributions from both the employer and the employee, to provide income during retirement.

- Example sentence: The company's generous occupational pension scheme ensures its employees can have a comfortable retirement.

Sense 2:

- Adjective: Relating to or associated with occupational pensions.

- Example sentence: She attended an informative seminar on the latest updates in occupational pension regulations.

Related products:

- Retirement Planning Books on Amazon

- Pension Fund Investing Books on Amazon

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