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Pensionable: meaning, definitions and examples

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pensionable

 

[ˈpɛnʃənəbl ]

Definition

Context #1 | Adjective

financial benefits

Pensionable refers to a person's eligibility for a pension or retirement benefits. It typically denotes employment positions that qualify for retirement plans supported by contributions from both the employee and employer. In many countries, pensions are essential financial supports that provide income after retirement. The term may also be applied to conditions determining how long one must work before qualifying for pension benefits.

Synonyms

qualifying for pension, retirement-eligible.

Examples of usage

  • She has a pensionable job with great benefits.
  • Many employees are unsure if their positions are pensionable.
  • He worked fifteen years at a pensionable rate.
  • The company offers a pensionable scheme for its employees.

Interesting Facts

Etymology

  • The word comes from 'pension', which is rooted in the Latin term 'pensionem', meaning 'payment' or 'compensation'.
  • The suffix ‘-able’ indicates that something can be done, so 'pensionable' means it can be paid out as a pension.

Historical Context

  • Pension plans have origins dating back to Roman times, where soldiers were granted pensions for their service.
  • The modern pension system began to take shape in the 19th century, influenced by factory work and the need to support aging workers.

Economic Significance

  • Pension plans are crucial for retirement security, providing a stable income for individuals post-retirement.
  • Countries with robust pension systems tend to have lower rates of poverty among the elderly.

Cultural Impact

  • Pensions are often portrayed in popular culture as a 'golden ticket' to leisure after a long working life.
  • In many societies, the promise of a pension influences career choices and job loyalty among employees.

Legal Aspects

  • In many places, laws regulate how pension plans must be structured to protect workers' rights to their benefits.
  • Changes in pension laws can significantly impact the financial well-being of millions, especially as populations age.

Translations

Translations of the word "pensionable" in other languages:

🇵🇹 pensionável

🇮🇳 पेंशन योग्य

🇩🇪 pensionsfähig

🇮🇩 dapat dipensiunkan

🇺🇦 пенсійний

🇵🇱 emerytalny

🇯🇵 年金の対象となる

🇫🇷 pensionnable

🇪🇸 pensionable

🇹🇷 emeklilik hakkı olan

🇰🇷 연금에 해당하는

🇸🇦 قابل للتقاعد

🇨🇿 nárok na důchod

🇸🇰 poberateľný

🇨🇳 可领取养老金的

🇸🇮 pensionabilen

🇮🇸 pensionable

🇰🇿 зейнетақы алуға болатын

🇬🇪 პენსიონერი

🇦🇿 pensiya ala bilən

🇲🇽 pensionable

Word Frequency Rank

At rank #25,149, this word represents specialized academic or technical vocabulary. It's less frequently encountered but may be valuable in specific contexts.