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Pension Adjustment - PA. DEFINITION of 'Pension Adjustment - PA'. The amount of contributions that can be made to a Registered Retirement Savings Plan (RRSP) on top of any contributions to a Registered Pension Plan (RPP) in a given year. BREAKING DOWN 'Pension Adjustment - PA'.
The definition of a pension is a regular payment made by an employer or the government, typically to provide retirees with income. Monthly payments your employer makes to you after you retire are an example of your pension. pension. pension.