top-hat pension

noun

An unfunded pension maintained by an employer primarily for the purpose of providing deferred compensation for a select group of management or highly compensated employees.

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Meanings

nountop-hat pension (plural top-hat pensions)

plural top-hat pensions

  1. USAn unfunded pension maintained by an employer primarily for the purpose of providing deferred compensation for a select group of management or highly compensated employees.

Origin

From top-hat + pension.

Full word history & related roots →
Cite this entry
APA

top-hat pension. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/top-hat%20pension

MLA

“top-hat pension.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/top-hat%20pension. Accessed November 5, 2026.

Chicago

WatkinsX Dictionary, s.v. “top-hat pension,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/top-hat%20pension.

Source: top-hat pension on Wiktionary, CC BY-SA 4.0.