pensionable
B2Pronunciation
UK
- /pˈɛnʃənəbəl/
US
- /pˈɛnʃənəbəl/
Description
- Eligible for a pension
- counted for retirement benefits
- covered by a pension scheme
- able to earn retirement pay
Imagine someone spending many years working as a teacher. Over time, that job may become pensionable, meaning it counts toward a pension or gives the person the right to receive pension benefits later.
The term is often used in work and retirement settings. It can describe a person who qualifies for a pension, a job that comes with pension rights, or part of a salary that is used to calculate pension benefits. If someone asks whether your role is pensionable, they are asking whether that work counts toward a pension scheme.
The word pensionable describes something that qualifies for pension benefits. Most often, it refers to a person, job, period of service, or amount of pay that counts under a pension scheme. A pension is a regular payment paid after retirement, usually by an employer, the state, or a retirement fund.
In everyday use, pensionable often appears in workplace and government contexts. A worker may become pensionable after meeting the rules of a scheme, such as reaching a certain age, completing enough years of service, or making the required contributions. A post may also be called pensionable if it comes with pension rights. In the same way, "pensionable earnings" means the part of a person's pay that is used to work out pension contributions or future benefits.
The word does not only point to age. It is really about whether someone or something falls within the rules of a pension system. That is why you might see it in phrases like "pensionable service," "pensionable age," or "pensionable salary." In each case, the idea is the same: it counts for pension purposes.
More broadly, pensionable carries the sense of long-term security built through work, service, or contributions. When you hear the word, think of employment or income that is officially recognized as counting toward retirement support later on.
Examples
- 1
Retirement age
She plans to retire when she reaches pensionable age.
- 2
Service credit
Only five of his seven years with the company counted as pensionable service.
- 3
Pay and benefits
Her basic salary is pensionable, but her annual bonus is not.
Forms and spellings
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Main spelling
- pensionableadjective