pension scheme

USAGE SUMMARY

"pension scheme" is correct and usable in written English.
It is used to refer to a retirement savings plan that is sponsored by an employer, where payments or contributions are made into a pension fund. For example: "My employers offer an attractive pension scheme, where they match the contributions I make into my pension fund."

✓ Grammatically correct

News & Media

Formal & Business

Academia

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

Should I invest in a pension scheme?

Independent

[no author provided] Mineworkers' Pension Scheme.

Cornell University

Contact your pension scheme for further details.

The Guardian

· Whether you belonged to an occupational pension scheme, a personal pension scheme or a 'group personal pension scheme'.

The Guardian - Money

Virtually no one understands their pension scheme.

The Guardian - Opinion

· Take an interest in your pension scheme.

The Guardian - Money

Secondly, to 'sort' the pension scheme.

The Guardian - Business

I joined the pension scheme in 2007.

The Guardian

Local government pension scheme, appropriate personal pension scheme, state second scheme, or a stakeholder pension?

The Guardian - Money

He has dismantled the public-private pension scheme.

The New York Times

The great bulk of firms still lack a pension scheme.

The Economist

Expert writing Tips

Best practice

When discussing specific types of "pension schemes", clearly identify whether it is a defined benefit or defined contribution plan to avoid ambiguity.

Common error

Avoid using "pension scheme" interchangeably with generic savings accounts. "Pension scheme" refers specifically to employer-sponsored or government-regulated retirement savings plans.

Linguistic Context

The phrase "pension scheme" functions as a noun phrase, typically serving as the subject or object in a sentence. It denotes a structured system for saving and distributing retirement funds. Ludwig AI confirms its correct and usable status in written English.

Expression frequency: Very common

Frequent in

News & Media

60%

Formal & Business

25%

Academia

15%

Less common in

Science

0%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

The phrase "pension scheme" is a common and grammatically correct term for describing organized retirement savings plans. Ludwig AI confirms its validity and provides numerous real-world examples. It's frequently used in news, business, and academic contexts. When writing about "pension schemes", clarity and specificity regarding the type of plan (defined benefit vs. defined contribution) is crucial. Consider alternatives like "retirement plan" or "superannuation scheme" for nuanced communication.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

retirement plan

This alternative is a more general term, encompassing various types of savings plans for retirement.

superannuation scheme

This alternative is commonly used in some Commonwealth countries to refer to a retirement savings plan.

workplace pension

This alternative highlights that the pension is provided through the workplace.

retirement savings plan

This alternative emphasizes the savings aspect of preparing for retirement.

occupational pension

This alternative emphasizes that the pension is linked to one's occupation or employment.

company pension

This alternative highlights the employer's role in providing the pension scheme.

employee pension plan

This alternative focuses on the employees who benefit from the pension scheme.

defined benefit plan

This alternative specifies a type of pension scheme where benefits are pre-determined.

defined contribution plan

This alternative specifies a type of pension scheme where contributions are pre-determined, but benefits depend on investment performance.

annuity plan

This alternative is more focused on the payout phase of retirement savings.

FAQs

How do I use "pension scheme" in a sentence?

You can use "pension scheme" to refer to a retirement savings plan, like in the sentence: "The company offers a generous "pension scheme" for its employees."

What are some alternatives to saying "pension scheme"?

Alternatives include "retirement plan", "superannuation scheme", or "retirement savings plan" depending on the context.

What's the difference between a "pension scheme" and a "retirement plan"?

While both terms relate to saving for retirement, "pension scheme" often implies an employer-sponsored plan, whereas "retirement plan" can be more general and include individual savings.

Which is correct, "pension scheme" or "pension plan"?

Both "pension scheme" and "pension plan" are generally acceptable, with "pension scheme" being more common in British English.