pensionable

pensionable
pensionable pen‧sion‧a‧ble [ˈpenʆnəbl] adjective
1. having the right to receive a pension:

• We wish to encourage people to go on working after pensionable age (= the age at which they would normally receive a pension ) .

• Donald retired at 56, after attaining the maximum pensionable service (= working enough years to get the highest possible pension ) with an insurance company.

• The Civil Service came to be thought of as a secure, pensionable occupation.

2. pensionable pay/​salary ACCOUNTING HUMAN RESOURCES pay from which money is regularly taken to pay for a pension:

• The employee's contribution is 5% of pensionable salary.

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pensionable UK US /ˈpenʃənəbl̩/ adjective UK
► used to refer to someone's age, job, health, etc. when they are given the right to receive a pension: of pensionable age »

The survey reveals that 35% of employers are actively hiring people who are already of pensionable age.

pensionable job/employment »

She has only had 15 years of pensionable employment, so is drawing a modest pension of only £3,300.

► pensionable pay, salary, etc. is the amount of money someone earns that is used to calculate the pension they will receive: »

Voluntary contributions to the scheme must not exceed 15% of pensionable earnings.


Financial and business terms. 2012.

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Look at other dictionaries:

  • pensionable — pen|sion|a|ble [ˈpenʃənəbəl] adj BrE 1.) giving someone the right to receive a pension ▪ 36% of the population were of pensionable age . 2.) pensionable pay/salary etc pay from which money is regularly taken for a pension ▪ The employee s… …   Dictionary of contemporary English

  • pensionable — [[t]pe̱nʃənəb(ə)l[/t]] ADJ: ADJ n Pensionable means relating to someone s right to receive a pension. ...civil servants who were nearing pensionable age. ...if his wife has no pensionable earnings …   English dictionary

  • pensionable — adjective 1 giving someone the right to receive a pension: a pensionable age | appointments that were not pensionable 2 pensionable pay/salary pay from which money is regularly taken for a pension …   Longman dictionary of contemporary English

  • pensionable — adjective Date: 1882 chiefly British of, relating to, qualified for, or qualifying for a pension < pensionable employees > < a pensionable post > …   New Collegiate Dictionary

  • pensionable — UK [ˈpenʃ(ə)nəb(ə)l] / US adjective 1) officially old enough to stop work and receive a pension a man of pensionable age 2) pensionable pay is a salary that you make regular payments from in order to have a pension …   English dictionary

  • pensionable — adj. Pensionable is used with these nouns: ↑age, ↑salary …   Collocations dictionary

  • pensionable — Ⅰ. pension [1] ► NOUN 1) a regular payment made to retired people and to some widows and disabled people, either by the state or from an investment fund. 2) chiefly historical a regular payment made to a royal favourite or to an artist or scholar …   English terms dictionary

  • pensionable salary — The part of an employee s salary that is taken into account when calculating pension contributions. This might exclude annual bonuses or other special payments. Practical Law Dictionary. Glossary of UK, US and international legal terms.… …   Law dictionary

  • Pensionable Service — The period of service, expressed in a yearly figure, for which a worker has established pension credits for a pension plan. Pension benefits are typically based on the worker s pensionable service and highest average salary. The pensionable… …   Investment dictionary

  • pensionable — See pension1. * * * …   Universalium

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