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old-age pension

   Also found in: Dictionary/thesaurus, Legal, Wikipedia, Hutchinson 0.04 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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The Committee specifies that States parties should, within the limits of available resources, provide non-contributory old-age benefits and other assistance for all older persons who are not entitled to old-age pension or other social security benefit or assistance, and who have no other sources of income to protect the family.
Social Security, the government's old-age pension and by far the largest and most popular federal program, is almost inevitably going to be cut back.
10) The combined NP-equivalent "bridge" benefit and the EPI benefit is otherwise known as the "special old-age pension.
 
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