TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

PENSION RACHETEE [1 record]

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Record 1 2024-04-03

English

Subject field(s)
  • Taxation Law
  • Pensions and Annuities
CONT

Many employers allow the employee to forgo a portion of the pension and receive a lump-sum amount by surrendering a portion of the pension. Such amount is known as commuted pension.

French

Domaine(s)
  • Droit fiscal
  • Pensions et rentes

Spanish

Campo(s) temático(s)
  • Derecho fiscal
  • Pensiones y rentas
CONT

Cuando un miembro del plan de pensiones conmuta una pensión, él o ella recibe un pago de suma global en lugar de pagos de anualidad por el resto de su vida. Una pensión conmutada puede ayudar a un jubilado a alcanzar algunas metas de por vida, pero podría dejarlo con dificultades financieras en algún momento en el futuro.

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© Public Services and Procurement Canada, 2024
TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
A product of the Translation Bureau

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