What is another word for occupational pension?
Pronunciation: [ˌɒkjʊpˈe͡ɪʃənə͡l pˈɛnʃən] (IPA) 
An occupational pension is a form of retirement benefit provided by an employer to their employees. However, there are various ways to describe this type of arrangement. Other synonyms for an occupational pension include company pension, workplace pension, employer-sponsored pension, and job-based retirement plan. These terms all refer to the same type of benefit, which is designed to provide retirement income to employees based on their salary and length of service with a particular employer. No matter which term is used, the purpose of an occupational pension is to help employees save for retirement and ensure their financial stability during their retirement years.
