Pension

A Pension is a steady income, given to someone. If pensions are part of a system of social security, the recipient of the pension is usually retired or disabled. They either have worked a long time during their life, or they are physically unable to do so. A pension is usually paid until a certain date (or event) occurs. In the case of social security plans, pensions are usually linked to the life of the person who receives the pension.

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