Pensioning: meaning, definitions and examples
๐ฐ
pensioning
[ หpษnสษnษชล ]
retirement plan
Pensioning refers to the process of receiving a pension, which is a regular payment made during a person's retirement from an investment fund. This payment can be a crucial aspect of financial stability in old age. Pensioning often involves a legal agreement between an employee and employer, where a portion of the employee's salary is set aside for retirement income. It can also apply to systems where the government provides financial support to retired individuals. Pensioning is vital for ensuring that people can maintain their quality of life after they stop working.
Synonyms
Examples of usage
- He has been pensioning for five years now.
- Many workers plan their finances around pensioning.
- Pensioning is essential for a secure retirement.
Translations
Translations of the word "pensioning" in other languages:
๐ต๐น aposentadoria
๐ฎ๐ณ เคชเฅเคเคถเคจ
๐ฉ๐ช Pensionierung
๐ฎ๐ฉ pensiun
๐บ๐ฆ ะฟะตะฝััั
๐ต๐ฑ emerytura
๐ฏ๐ต ๅนด้
๐ซ๐ท pension
๐ช๐ธ pensiรณn
๐น๐ท emeklilik
๐ฐ๐ท ์ฐ๊ธ
๐ธ๐ฆ ู ุนุงุด
๐จ๐ฟ pensionovรกnรญ
๐ธ๐ฐ penziรณnovanie
๐จ๐ณ ้ไผ
๐ธ๐ฎ pokojnina
๐ฎ๐ธ pension
๐ฐ๐ฟ ะทะตะนะฝะตัะบะตัะปัะบ
๐ฌ๐ช แแแแกแแ
๐ฆ๐ฟ pensiya
๐ฒ๐ฝ pensiรณn
Etymology
The term 'pension' originates from the Latin word 'pensio', which means 'payment'. This Latin root traces back to 'pendere', meaning 'to weigh' or 'to pay'. The concept of pensioning evolved in the Middle Ages when European monarchies began granting pensions to retired soldiers and civil servants. Over the years, various countries developed formal pension systems, allowing workers to save for retirement through structured plans. By the 20th century, pensioning had become widespread, encompassing both private and government-operated schemes. Today, public pension systems are vital in many economies, and the term 'pensioning' has come to signify the broader concept of receiving post-employment income.