BNET Business Dictionary
Business Definition for: Pension
- money received regularly after retirement, from a personal pension plan or state pension plan.
- Also known as Retirement Pension
Wiktionary Definition for: Pension
- A boarding house or small hotel in Europe: "A pension had somewhat less to offer than a hotel; it was always smaller, and never elegant; it sometimes offered breakfast, and sometimes not" (John Irving).
- Accommodations or the payment for accommodations, especially at a boarding house or small hotel in Europe.
- A sum of money paid regularly as a retirement benefit or by way of patronage.
- A stated allowance to a person in consideration of past services; payment made to one retired from service, on account of age, disability, or other cause; especially, a regular stipend paid by a government to retired public officers, disabled soldiers, the families of soldiers killed in service, or to meritorious authors, or the like.
Additional Resources
- The GM Pension Plan: A $100 Billion Problem Swept Under the Rug
- Five or so years ago, when General Motors was simply financially challenged rather than bankrupt, financial writers joked that GM was in truth a huge pension plan, funded by an automobile operation. It wasn't far off the mark: in 2004, each active worker was outnumbered by 2.5 GM retirees, and...
- Blog posts 2009-06-08
- Worry About Your Pension, Not Your Pension’s Insurer
- Last week the Pension Benefit Guaranty Corporation, the federal agency that pays your pension if your employer can't, told the Senate Select Committee on Aging that its assets fall $33.5 billion short of its obligations. In other words, the perennially underfunded agency wanted to let everyone know that it wasn't...
- Blog posts 2009-05-27
- Pension 2012: What Every UK Business Should Know
- Why Act Now? Business leaders have more pressing concerns and may feel 2012 is still a way off. But acting ahead of the regulations gives you time to communicate the changes fully and make adjustments gradually. Reinsurance and risk expert Benfield, which operates...
- Articles 2009-07-01
- RBS Cuts UK Pension Benefits
- LONDON (Reuters UK) - State-controlled Royal Bank of Scotland plans to cut pension benefits for tens of thousands of UK employees as it reins in costs, angering unions which accused the lender of dealing a "body blow" to staff. RBS, 70 percent-owned by the government, said on Tuesday it would...
- News items 2009-08-25
- Report: Pension Vice Tightens on Cash
- With estimated defined-benefit pension plan deficits for Standard & Poor's 1500 companies hitting a record of $409 billion for 2008, companies are likely to find themselves with added constraints on capital spending, loan covenants, and other potential outlays this year, pension advisers report. Indeed, the overall pension expense of the...
- News items 2009-08-07
- RBS poised to scale back pension benefits
- Royal Bank of Scotland, the part-nationalised bank that controversially gave Sir Fred Goodwin, its former chief executive, a pension pot valued at £16m, is scaling back pension benefits for about 62,500 employees. Our multimedia feature explores the dilemmas faced by individual savers, companies and governments and offers potential solutions to...
- News items 2009-08-26
- BA, Iberia Merger Hinges on Pension Deficit
- By Tracy Rucinski and Rhys JonesMADRID (Reuters UK) - British Airways' pension fund deficit could yet scupper its planned merger with Spain's Iberia, as the UK airline still has to agree the size of the multi-billion pound shortfall with the fund's trustees.Iberia, which on Friday posted a bigger than expected...
- News items 2009-11-13
- LTV claims pension fund dry, pursues takeover by PBGC. (LTV Steel Co. returns to court, insists on Pension Benefit Guaranty Corp.'s takeover of pension plan)
- LTV claims pension fund dry, pursues takeover by PBGC LTV Steel Co. plans to return to court this month to argue that one of its three pension plans has run out of money and should be taken over by the federal Pension Benefit Guaranty Corp....
- Research articles 1990-10-08
- News briefs.(United States pension plans' funding)(Employees' Retirement System of Rhode Island terminates Shenkman Capital Management)(Goldman Sachs group Inc. quarterly assets under management up)
- U.S. pension plans' funding level drops in February PITTSBURGH - U.S. pension plans' funding level declined by 3.4 percentage points in February, according to Mellon Financial's pension liability indexes. The funded status of pension plans had been U.S. pension plans' funding level drops in...
- Research articles 2007-03-19
- BA, Iberia Merger Hinges on Pension Deficit
- By Tracy Rucinski and Rhys Jones MADRID (Reuters UK) - British Airways' pension fund deficit could yet scupper its planned merger with Spain's Iberia, as the UK airline still has to agree the size of the multi-billion pound shortfall with the fund's trustees. Iberia, which on Friday posted a bigger...
- News items 2009-11-13
- PBGC warns pension premiums could double. (Pension Benefit Guaranty Corp.)
- WASHINGTON -- Pension insurance premiums could eventually more than double if a recent federal court ruling over LTV Corp.'s three hugely underfunded pension plans is allowed to stand, says the Pension Benefit Guaranty Corp.'s executive director. A U.WASHINGTON -- Pension insurance premiums could eventually more than...
- Research articles 1991-10-07
- No Discounts on Pension Costs at AnnTaylor Stores
- Auction rate securities and money market funds ‘breaking the buck' -- like kicking the soccer ball into your own goal, companies have made hapless mistakes with their cash investments throughout the last two years. And, now comes word that shrinking asset values could increase pension plan costs, as suggested by...
- Blog posts 2008-11-25
- Will Sir Fred Goodwin Get His Pension?
- Should Sir Fred Goodwin get his pension? Let's consider the facts. This time last year, the Royal Bank of Scotland was said to have some $3.8trn of assets. Today it shattered corporate records by announcing losses of £24.1bn. It is now over 80 per cent owned by the government, which...
- Blog posts 2009-02-26
- JAL Seeks 40 Percent Pension Payout Cut For Survival
- TOKYO (Reuters) - Japan Airlines Corp asked retirees and employees on Monday to accept an average 40 percent cut to their pension payouts and warned the struggling airline could face bankruptcy if an agreement could not be reached.JAL President Haruka Nishimatsu had made a plea in May to the...
- News items 2009-11-23
- New Evidence on Pension Plan Design and Administrative Expenses
- This paper explore the links between retirement plan offerings and pension expenses for a wide range of private and public sector pension plans, using an invaluable new data set on almost two thousand Australian pension funds. The results imply that plan design has a substantial impact on pension plan expenses...
- White papers 2002-03-04
- What You Should Know About Your Pension Rights
- Few investments are more important than the one you have in your pension plan. Because the average American will rely on pension savings for 18 years after retirement, it is essential that you understand your rights and obligations under your pension plan. Participants in pension plans have certain rights that...
- White papers 2003-01-01
- Pension Funds and Emerging Markets
- This paper focuses on the investment behavior of pension funds in developed and emerging market countries. First, it analyzes the main determinants of the emerging market asset allocation of pension funds in developed countries. Second, it assesses how pension funds in emerging markets have contributed to the development of local...
- White papers 2004-09-01
- Do a Firm's Equity Returns Reflect the Risk of Its Pension Plan?
- This paper examines the empirical question of whether systematic equity risk of firms as measured by beta from the Capital Asset Pricing Model reflects the risk of their pension plans. There are a number of reasons to suspect that it might not. Chief among them is the opaque set of...
- White papers 2004-08-01
- Case By Case: "All Source Maximum"/ Pension Plan Mergers
- The paper depicts about a case and summarizes that following the amalgamation of NN Life with Halifax Life to form NN Life, the defined benefit pension plans of the two companies were 'merged'. At the time, Halifax Life's pension plan was in a surplus position, while NN Life's pension plan...
- White papers 2004-06-01
- Funding and Investment Policy: Pension Committee Responsibilities?
- The paper highlights that Canadian Association of Pension Supervisory Authorities CAPSA issued the Proposed Regulatory Principles for a Model Pension Law Model Law Principles. The proposal for the pension law is based on the current provisions of Quebec's Supplemental Pension Plans Act SPPA. CAPSA believes that the pension committee model...
- White papers 2004-07-01
