The pension contract is one of two (together with the pactum rusticum) explicitly regulated provision contracts. The pension will be provided on a regular basis to meet the needs of its beneficiary (e.g during old age, illness or study).
It is an obligation arising from a consensus agreement whereby one party undertakes to provide the other party with cash benefits (i.e a pension). The pension contract must be distinguished from insurance-type contracts (premiums are compulsory here), including supplementary pension insurance contracts, as well as from other rights which, despite the same designation, result from public law regulations (pension insurance and pension savings).