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old-age pension

   Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia 0.01 sec.
old-age pension: see pension pension, periodic payments to one who has retired from work because of age or disability. Pensions, originally thought of as charity, are now viewed as an essential part of the social responsibility of employers or of the state.
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; social security social security, government program designed to provide for the basic economic security and welfare of individuals and their dependents. The programs classified under the term social security differ from one country to another, but all are the result of government
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Byline: COLM KELPIE THE Government was yesterday warned to protect the old-age pension in the Budget or face the wrath of angry senior citizens.
The federal disability insurance regime is 13 billion francs in debt, and so far the government has been using money from the old-age pension scheme to cover the shortfall.
Older people also faced the deterioration of old-age pension support and rising unemployment rates.
 
 
 
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