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연금 — meaning in English: Pension

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Guess the translation for pension
연금
yeongeum
습관
seubgwan
시험
siheom
목욕
mog
공포
gongpo
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formal common
Usage
Native speakers often use the word 연금 in discussions about retirement planning or financial security. For example, during a conversation about future savings, one might say, '저는 연금을 잘 준비해야 해요' (I need to prepare my pension well). It's also commonly heard in formal settings, such as financial seminars or government discussions regarding social welfare.
Synonyms & nuances
A similar term is 퇴직금 (toejikgeum), which specifically refers to severance pay received upon retirement. While 연금 implies ongoing financial support during retirement, 퇴직금 is a one-time payment. You would choose 연금 when discussing long-term financial planning rather than immediate retirement benefits.
Culture
The word 연금 originates from the Chinese characters 年金, which can be literally translated as 'annual money.' In South Korea, pensions play a significant role in the aging population's economic stability, reflecting the country's evolving approach to social welfare. Interestingly, there are various pension schemes in Korea, including the National Pension Service, emphasizing collective responsibility towards the elderly.
FAQ
Q.What is the meaning of 연금?
연금 translates to 'pension' in English and refers to a regular payment made to individuals after retirement, helping to support their financial needs.
Q.How do I use 연금 in a sentence?
You can use 연금 in sentences like, '연금이 있어야 노후가 안전해요' (Having a pension is essential for a secure old age).
Q.Are there different types of 연금 in Korea?
Yes, in Korea, there are several types of 연금, including the National Pension and private pension plans, each serving different needs and regulations.
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