The company, Ezra explained to Carol, had no funds for giving pensions.
Mr. Elder thundered his answer, while the others nodded, solemnly and in tune, like a shop-window of flexible toys, comic mandarins and judges and ducks and clowns, set quivering by a breeze from the open door: "All this profit-sharing and welfare work and insurance and old-age pension is simply poppycock.
There are no more uses of "pension" in the book.
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Between Social Security and a good company pension, my grandparents are reasonably comfortable.