What is pension pot? How to use in English

The term "pension pot" has its roots in the UK's pension system, which dates back to the 19th century. In the past, pensioners received a fixed income from their employers or the government in retirement. However, this system proved to be unsustainable as the population aged and the cost of pensions soared. As a solution, the UK government introduced a new system in the 1970s called the "wage-related pension". Under this system, employees could contribute a portion of their salaries to a separate pot, known as a "pension pot", which would be invested by a pension provider. The pot would grow over time, providing the pensioner with a larger sum in retirement. The term "pot", in this context, refers to a container in which something is stored. In this case, the container is a fund set aside for retirement savings. The use of the word "pot" is also likely an allusion to the popular English game of chance called "pottoces de loterie", where Victorian players wagered on coloured balls drawn from an ornate pot. Today, the phrase "pension pot" has become a part of everyday language in the UK, and is widely used to describe a person's retirement savings. Its origin, however, underscores the important role that it plays in securing financial independence for retirees.