What's the difference between pension and retirement?

Pension


Definition:

  • (n.) A payment; a tribute; something paid or given.
  • (n.) A stated allowance to a person in consideration of past services; payment made to one retired from service, on account of age, disability, or other cause; especially, a regular stipend paid by a government to retired public officers, disabled soldiers, the families of soldiers killed in service, or to meritorious authors, or the like.
  • (n.) A certain sum of money paid to a clergyman in lieu of tithes.
  • (n.) A boarding house or boarding school in France, Belgium, Switzerland, etc.
  • (v. t.) To grant a pension to; to pay a regular stipend to; in consideration of service already performed; -- sometimes followed by off; as, to pension off a servant.

Example Sentences:

  • (1) The 36-year-old teacher at an inner-city London primary school earns £40,000 a year and contributes £216 a month to her pension.
  • (2) Adding a layer of private pensions, it was thought, does not involve Government mechanisms and keeps the money in the private sector.
  • (3) We know that several hundred thousand investors are likely to want to access their pension pots in the first weeks and months after the start of the new tax year.
  • (4) But the amount of time spent above SPA has differed substantially between men and women due to women both living longer, and reaching state pension age earlier.
  • (5) Critics of wind power peddle the same old myths about investment in new energy sources adding to families' fuel bills , preferring to pick a fight with people concerned about the environment, than stand up to vested interests in the energy industry, for the hard-pressed families and pensioners being ripped off by the energy giants.
  • (6) The chancellor confirmed he would bring in a welfare cap of £119.5bn, with the state pension and unemployment benefits exempted from this.
  • (7) "Their prioritising of pensioner spending over unemployment benefits fits with a picture seen across this generational work: they care about groups they see as being in genuine need and they put particular emphasis on helping those who have contributed."
  • (8) Pensioners, like those in receipt of long-term social welfare payments or those who can prove they cannot provide their heating needs during winter, are entitled to a means-tested weekly winter fuel allowance of €20 (£ 14.54) per household.
  • (9) Energy UK said the help offered by its members to pensioners and low-income households was the equivalent of giving shoppers £135 per year.
  • (10) Rule-abiding parents can get a monthly stipend, extra pension benefits when they are older, preferential hospital treatment, first choice for government jobs, extra land allowances and, in some case, free homes and a tonne of free water a month.
  • (11) Tata Steel, the owner of Britain’s largest steel works in Port Talbot, is in talks with the government about a similar restructuring for the British Steel pension scheme , which has liabilities of £15bn.
  • (12) "Statistics released today show that three-quarters of people who apply for employment and support allowance are continuing to be found either fit for work or stop their claim before completing their medical assessment," said the Department for Work and Pensions.
  • (13) I am one of those retired civil servants who has not received my pension.
  • (14) Applications from Serbia, which account for 10% of the total, stem mostly from the dissolution of former Yugoslavia: payment of army reservists, access to savings in present-day Bosnia and Herzegovina, pensions in Kosovo.
  • (15) Arcadia’s pension deficit was measured at £190m in the company’s accounts for the year to August 2015, but is understood to have grown substantially since then.
  • (16) It combined regular interviews with a study of the impact on each household of benefit changes, pension reforms, social care cuts and fuel price increases.
  • (17) "We believe BAE's earnings could stagnate until the middle of this decade," said Goldman, which was also worried that performance fees on a joint fighter programme in America had been withheld by the Pentagon, and the company still had a yawning pension deficit.
  • (18) Colleagues involved in similar Telegraph stings this week included Michael Moore, the Scottish secretary, Ed Davey, a business minister, and Steve Webb, the pensions minister.
  • (19) At the end of the article the Department for Work and Pensions is quoted as saying that it’s “misleading to link food bank use to benefit delays and sanctions”.
  • (20) I think it would have been appropriate and right and respectful of people’s feelings to have done so.” There was also confusion over Labour policy sparked by conflicting comments made by Corbyn and his new shadow work and pensions secretary, Owen Smith.

Retirement


Definition:

  • (n.) The act of retiring, or the state of being retired; withdrawal; seclusion; as, the retirement of an officer.
  • (n.) A place of seclusion or privacy; a place to which one withdraws or retreats; a private abode.

Example Sentences:

  • (1) Peter retired in 1998, when he was appointed CBE for his services to drama.
  • (2) He was very touched that President Nicolas Sarkozy came out to the airport to meet us, even after Madiba retired.
  • (3) The authors studied 84 randomly selected participants who live in retirement communities to discover factors leading to successful completion of a wellness enhancing program.
  • (4) The results indicate that the legislated increase in the age of eligibility for full Social Security benefits beginning in the 21st century will have relatively small effects on the ages of retirement and benefit acceptance.
  • (5) ... and the #housingstrategy on Twitter: Robin Macfarlane, a retired businessman: @MacfarlaneRobin House building should have been on the agenda from day one.
  • (6) He continued: "I don't think there could be a better move for me: to retire from one of the world's best football clubs at the end of the season and then join one of the world's best broadcasters.
  • (7) Emily Stow London • Until I retired a year ago I was a consultant anaesthetist with a special interest in obstetric anaesthesia and analgesia.
  • (8) Nearly half do not plan to retire from medical work.
  • (9) The statutory age of retirement for clergy is 70, although vicars’ terms can be extended by his or her bishop.
  • (10) The exercise comes at a sensitive time for Poland’s military, following the sacking or forced retirement of a quarter of the country’s generals since the nationalist Law and Justice government came to power in October last year.
  • (11) I'm just saying, in your … Instagrams, you don't have to have yourself with, walking with black people.” The male voice singles out Magic Johnson, the retired basketball star and investor: "Don't put him on an Instagram for the world to have to see so they have to call me.
  • (12) The Dacre review panel, which included Sir Joseph Pilling, a retired senior civil servant, and the historian Prof Sir David Cannadine, said Britain now had one of the "less liberal" regimes in Europe for access to confidential government papers and that reform was needed to restore some trust between politicians and people.
  • (13) Paddy Crerand was interviewed on Irish radio station Newstalk this morning and was in complete denial that Ferguson was about to retire.
  • (14) I am one of those retired civil servants who has not received my pension.
  • (15) The analysis of four surveys on elder people shows that health, income, social integration, knowledge about aging, plans for retirement, good ecological conditions, life satisfaction, and a low age seem to be general resources.
  • (16) The study population included 59 active workers (81 percent participation in this group) and 29 workers who were retired or inactive due to illness (69% participation).
  • (17) The four members of the committee are all masters of wine, and the chairman is a retired diplomat, Sir David Wright.
  • (18) It was sparked by Ferguson's decision to sue Magnier over the lucrative stud fees now being earned by retired racehorse Rock of Gibraltar, which the Scot used to co-own.
  • (19) downward occupational and downward social drift, premature retirement and achievement of the expected social development.
  • (20) Crocker had retired from the government in April 2009, becoming dean of the Bush school of government and public service at Texas A&M University.