This term is part of our Unit 16: Company Benefits and Compensation vocabulary list. Please note that pronunciations can vary slightly even in the same dialect.
USA
UK
USA
UK
a fund which regularly collects a sum of money during a person's employment, which they can use after they stop working after reaching a certain age
USA
UK
"It's good to have a retirement plan in place, so you won't have to worry about having enough financial means when you're old and unable to work."