Past Practice: How a union and employer acted in the past.
In general, a pension is an arrangement to provide people with an income when they are no longer earning a regular income from employment. Pensions should not be confused with severance pay; the former is paid in regular installments, while the latter is paid in one lump sum.
Probationary Period: The time during which an employer decides whether a newly hired worker is suitable. A worker has greater protection against being fired after completing the probationary period.