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• n  a regular payment to a person that is intended to allow them to subsist without working
• v  grant a pension to

• Last year's stock market rout means companies will have to spend heavily to shore up their pension plans.
• John Slater Iconica Getty Images As the appropriately dubbed "Pension Palpitations" report details, the SP 500's pensions are now collectively underfunded by at least $115 .
• Spencer Platt Getty In November alone, pension plans lost about $130 billion, marking the second consecutive month of record declines , according to a new report from Mercer, the .

• pension off

News & Articles

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• Detroit pension plan funding level falls
  One of the city's two pension funds is likely less than 80 percent funded, making it vulnerable to having its trustees removed by Emergency Manager Kevyn Orr, according to an attorney for the fund.
  June 14, 2013 - Detroit News
• SC pension fund posting 12.7 percent return
  South Carolina's pension fund investments are expected to post double-digit earnings for the fiscal year. According to the agency that oversees the fund, the state's portfolio finished the third quarter ...
  June 13, 2013 - Associated Press via Yahoo! News
• Dallas Pension Battles With Museum Over Plan to Reduce Sun Glare
  A Dallas pension fund whose 42-story apartment building with reflective windows may be damaging art in a nearby museum has come up with a plan to fix it: Reconfigure a sun screen over the museum’s glass roof.
  June 13, 2013 - Bloomberg

Quotes

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• Boris Johnson in NDTV.com
  When you consider the huge exposure of British pension funds to BP, it starts to become a matter of national concern if a great British company is being continually beaten up on the airwaves,Mr. Johnson told BBC radio's Today program.
• Clifford Olson in Montreal Gazette
  I look forward to a court case I will be bring if the Bill you want to remove my Old age Pension I have paid into (sic),he wrote.
• Arnold Schwarzenegger in Los Angeles Times
  Gov. Arnold Schwarzenegger said in a statement: "After reviewing the agenda for this year, I believe our focus should be on the budget -- solving the deficit, reforming out-of-control pension costs and fixing our broken budget system."