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Pensioned Meaning: Definition, Examples, and Translations

๐Ÿ’ฐ
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pensioned

[หˆpษ›nสƒษ™nd ]

Definition

Context #1 | Verb

in retirement

To be pensioned means to be granted a regular payment of money by the state or former employer to a person who has reached retirement age or who is unable to work because of illness or disability. It is a form of financial support provided to individuals who are no longer actively employed.

Synonyms

be granted a pension, receive a pension, retire.

Which Synonym Should You Choose?

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Word Description / Examples
pensioned

Used to describe someone who has retired and is receiving a pension. Often implies that the person is no longer in the workforce.

  • After 40 years of service, John was pensioned and now spends his days gardening
  • The company pensioned several long-term employees this year
retire

Indicates the act of leaving one's job and permanently ceasing to work, often in the context of reaching a certain age or after a long career.

  • He plans to retire at the age of 60
  • After 30 years with the company, she decided to retire
receive a pension

Describes the action of regularly getting pension payments. Emphasizes the ongoing receipt of these payments.

  • Mary will start to receive a pension next month
  • Once you turn 65, you will be eligible to receive a pension
be granted a pension

Refers to the formal process of being awarded a pension. It often implies an official decision or entitlement.

  • After a long deliberation, the council decided he would be granted a pension for his services
  • She was granted a pension after proving her years of service

Examples of usage

  • He was pensioned off after working for the company for 30 years.
  • My grandfather was pensioned for his service in the military.

Translations

To see the translation, please select a language from the options available.

Interesting Facts

Historical Context

  • One of the earliest recorded pension systems was established by the Roman army to provide for soldiers after their service.
  • During the Industrial Revolution, many companies in Europe began offering pensions in response to labor movements advocating for workers' rights.
  • In the 20th century, governments worldwide started to implement public pension systems to help citizens in retirement.

Pop Culture

  • In movies and TV shows, characters often dream of retirement, highlighting the importance of being pensioned as a life goal.
  • The phrase 'golden years' is frequently used to describe the time after becoming pensioned, emphasizing the positive aspect of retirement.

Finance

  • Pension funds are often managed by professional investors to ensure they can meet future obligations to retirees.
  • There are different types of pensions, including defined benefit plans, which promise a specific amount, and defined contribution plans, where contributions vary.

Social Impact

  • A well-structured pension system is crucial for social stability, ensuring elderly people can afford basic needs.
  • In many cultures, there is a growing concern about the financial sustainability of pension systems as populations age.

Origin of 'pensioned'

Main points about word origin

  • The word originates from the Latin 'pensio', meaning payment or compensation.
  • It was used in English dating back to the 15th century to describe regular payments made for service.
  • The concept evolved to include retirement payments as societies began recognizing the need for support in old age.

The word 'pensioned' originated from the Old French word 'pension', which means a payment, a rent, or a wage. The concept of pensions dates back to ancient Rome, where soldiers were granted pensions for their service. Over time, the idea of pensioning off individuals who are no longer able to work due to age or disability became more widespread, leading to the modern usage of the term.

See also: pensioner, pensioners.

Word Frequency Rank

At rank #26,648, this word represents specialized academic or technical vocabulary. It's less frequently encountered but may be valuable in specific contexts.