pension pension /ˈpɛnʃən/

noun

1. () A regular payment to a person that is intended to allow them to subsist without working  ( pension )
   a regular payment to a person that is intended to allow them to subsist without working
     After retiring, Robert started receiving his pension payments.
   After retiring, Robert started receiving his pension payments.
   

verb

1. Grant a pension to  ( pension , pension off )
   grant a pension to