Glossary of Social Security Disability Law Terms
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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.
