English > pension account: 1 sense > noun 1, cognitionMeaning | A plan for setting aside money to be spent after retirement. |
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Synonyms | pension plan, retirement plan, retirement savings plan, retirement savings account, retirement account, retirement program |
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Narrower | 401-k plan, 401-k | A retirement savings plan that is funded by employee contributions and (often) matching contributions from the employer |
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Keogh plan | A tax-deferred pension plan for employees of unincorporated businesses or for self-employed persons |
individual retirement account, IRA | A retirement plan that allows you to contribute a limited yearly sum toward your retirement |
Broader | plan, program, programme | A series of steps to be carried out or goals to be accomplished |
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