pension: Meaning and Definition of

pen•sion

1. a fixed amount, other than wages, paid at regular intervals to a person or to the person's surviving dependents in consideration of past services, age, merit, poverty, injury or loss sustained, etc.: a retirement pension.
2. an allowance, annuity, or subsidy.
3. (in France and elsewhere in continental Europe)
1. a boardinghouse or small hotel.
2. room and board.

1. to grant or pay a pension to.
2. to cause to retire on a pension (usually fol. by off&hasp;).