pension plan

NOUN
12 LETTERS · STARTS WITH P

pension plan is a valid 12-letter word worth 15 points in Scrabble and 21 points in Words with Friends.

SCRABBLE WORDS WITH FRIENDS
P3E1N1S1I1O1N1P3L1A1N1
3 + 1 + 1 + 1 + 1 + 1 + 1 + 0 + 3 + 1 + 1 + 1 =15 PTS
DOUBLE WORD → 30TRIPLE WORD → 45
MEANING

What does pension plan mean?