retirement plan
noun/rɪˈtaɪəmənt plæn/
/rɪˈtaɪərmənt plæn/
(North American English) (British English usually pension scheme)
(also pension plan British and North American English)
- a system in which you, and usually your employer, pay money regularly into a fund while you are employed. You are then paid a pension when you retire.
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retirement plan