pen·si·on3 /ˈpɒnsiɒn $ pɑːnˈsjoʊn/ noun [countableC] 1.DHDLTa small cheap hotel in France and some other European countries 〔法国或其他一些欧洲国家中的〕廉价小旅馆 pension• General operating expenses, including salaries and pension contributions, grew 3. 4 percent to 92. 927 billion pesetas.
From Longman Business Dictionary
pensionpen·sion1 /ˈpenʃən/ noun [countableC] FINANCEan amount of money paid regularly by a government, company, or financial institution to someone who is officially considered to be too old or too ill to earn money by workingSYN AmE retirement planIf you retire at 55 you can expect your pension to be half the size it would be at age 65.
He lives in a modest house on a small pension.
Pension contributions (=money that you give or an employer gives to pay for the pension that you will get) attract no tax.
→ disability pension → occupational pension → old age pension → personal pension → portable pension → private pension → retirement pension → self-administered pension → stakeholder pension → state pension → State Second Pension → top-hat pension → top-up pension