Business Pitch Dictionary by pitch.dog
Performance, pay & rewards · Core

Pension

Also called: retirement plan

ELI5

A retirement arrangement providing income or accumulated benefits.

Used in conversation

“Can we test the claim about pension against employee data and lived experience?”

Pitch context

You will see “Pension” in organisation plans, workforce reviews, change programmes and people reports when the discussion reaches performance, pay & rewards.

Why it matters: In performance, pay & rewards, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Sources & evidence · 2

Direct term-level sources and supporting source families.