Definition, Meaning & Synonyms
draw-a-pension
verb
/drɔː ə ˈpɛnʃən/
Definition
To begin receiving retirement benefits from a pension plan.
Examples
- After working for thirty years, she decided to draw a pension.
- Many people choose to draw a pension as soon as they reach retirement age.
- He was thrilled to finally draw a pension after years of hard work.
Meaning
The act of starting to take financial compensation that has been saved or contributed to a pension or retirement fund, typically after reaching a certain age or fulfilling work requirements.
Synonyms
- retire
- collect a pension
- receive benefits
