What's the difference between pension and wage?

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.

Wage


Definition:

  • (v. t.) To pledge; to hazard on the event of a contest; to stake; to bet, to lay; to wager; as, to wage a dollar.
  • (v. t.) To expose one's self to, as a risk; to incur, as a danger; to venture; to hazard.
  • (v. t.) To engage in, as a contest, as if by previous gage or pledge; to carry on, as a war.
  • (v. t.) To adventure, or lay out, for hire or reward; to hire out.
  • (v. t.) To put upon wages; to hire; to employ; to pay wages to.
  • (v. t.) To give security for the performance of.
  • (v. i.) To bind one's self; to engage.
  • (v. t.) That which is staked or ventured; that for which one incurs risk or danger; prize; gage.
  • (v. t.) That for which one labors; meed; reward; stipulated payment for service performed; hire; pay; compensation; -- at present generally used in the plural. See Wages.

Example Sentences:

  • (1) Wages for the population as a whole are £1,600 a year worse off than five years ago.
  • (2) The buses recently went up by 50p per journey, but my wages went up with national inflation which was pennies.
  • (3) The move would require some secondary legislation; higher fines for employers paying less than the minimum wage would require new primary legislation.
  • (4) Here's Dominic's full story: US unemployment rate drops to lowest level in six years as 288,000 jobs added Michael McKee (@mckonomy) BNP economists say jobless rate would have been 6.8% if not for drop in participation rate May 2, 2014 2.20pm BST ING's Rob Carnell is also struck by the "extraordinary weakness" of US wage growth .
  • (5) Although the unemployment rate is 4.8%, it can come down further without wage inflation starting to rise.
  • (6) "Due to much higher housing costs, one in seven of London's employees receives wages which are below the poverty threshold," says Mr Livingstone.
  • (7) But I hope 2015 will see the wage increases I expected to see this year.
  • (8) "While it seems possible that more will join the two MPC dissenters in coming months if wage growth picks up, it looks a long way to go before a majority on the MPC vote to raise interest rates," he said.
  • (9) Facebook Twitter Pinterest Columnist Jonathan Freedland and economics editor Larry Elliott discuss the late-night deal that the Greek prime minister Alexis Tsipras has agreed to When it comes to the now-abandoned Thessaloniki Programme, the radical manifesto on which Alexis Tsipras came to power, there is always talk of implementing it “from below”: that is, demanding so many workers’ rights inside the industries designated for privatisation that it becomes impossible; or implementing the minimum wage through wildcat strikes.
  • (10) In more than 30 years of elections, ruling parties have lost when real wages are falling and an opposition party only won once, in 1997, when real wages were rising.
  • (11) President Obama on Thursday proclaimed to be against endless wars, even as he announced that the US will continue to wage one.
  • (12) On his personal website, Miliband talks about the importance of the national minimum wage.
  • (13) For ambulance drivers, who earn significantly below the average UK wage, the figure is more than £1,800, the analysis found using the retail prices index (RPI) measure of inflation, which hit 2.5% in December .
  • (14) Bill Shorten has told the union royal commission he would “never be a party to issuing bogus invoices” as he rejected assertions that payments from employers to the Australia Workers’ Union created conflicts of interest during wage negotiations.
  • (15) Oregon’s governor on Wednesday signed trailblazing legislation that will raise the minimum wage to nearly $15 in six years, and do so through a three-tiered system that has not been tried anywhere else in the country.
  • (16) According to calculations by the Resolution Foundation, a couple with two children in which the husband works full-time and the wife works part-time on or just above minimum wage stand to lose a total of £720 a year by 2020.
  • (17) Around 70,000 people currently receive the minimum wage in Scotland.
  • (18) So we were proud in 1997 to put forward the case for Britain’s first minimum wage.
  • (19) Romanians making Polish wages go down.” Then he adds: “The Romanian, he not the worst.
  • (20) Port Vale are in deep financial trouble and their administrators will not let him pay half the player's wages.

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