pension
US /ˈpen.ʃən/
UK /ˈpen.ʃən/
1.
a regular payment made during a person's retirement from an investment fund to which that person or their employer has contributed during their working life
:
•
She is looking forward to her retirement and receiving her pension.
•
His pension provides him with a comfortable income.
1.
pay a pension to (someone)
:
•
The company decided to pension off its long-serving employees.
•
He was pensioned after 30 years of service.