Glossary of Social Security
Disability Law Terms
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Legal
Glossaries Index
Pension:
A regular payment, which a worker receives after retirement.
The conditions of the pension are set before the worker retires, in accordance
with the worker’s retirement plan. A pension is usually a guaranteed benefit
that is not usually portable.
Portable:
A benefit that goes with you if you change employers. Most
employer-sponsored pension plans are not portable. Social Security is the only
guaranteed benefit that is portable.
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