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pension plan (an arrangement in which you pay money regularly into a pension fund while you are working, so that you will receive a pension. LDCE Alexander Demidov) | |||
pension scheme (Any arrangement the main purpose of which is to provide a defined class of individuals (called members of the scheme) with pensions. A pension scheme may include benefits other than a pension and may provide a pension for dependants of deceased members. OF&B Alexander Demidov) |