Glossary of Social Security Disability Law Terms
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z #
- P -
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.
