A pension is a regular cash payment that the state or pension fund gives to people when they reach a certain age or

become disabled. Let me explain it more simply: A pension is the money that a person receives after retirement. Usually a pension

receive: by age — when a person reaches retirement age (each country has its own age); for disability — if a person cannot work due to health reasons; for the loss of a breadwinner — when money is paid to a child or family if the one who provided the income dies.