pension

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pension

(1) A regular payment plan intended to provide a person who retired from a job with a secure income for life.
(2) A monthly payment from a pension.
References in periodicals archive ?
They should take his pension off him straight away so he can see for himself what it's like to be ripped off.
THAT British Airways give not a jot about their staff is perfectly obvious since they choose to pension off pilots early, sack air hostesses deemed to be past their sell-by date and are planning to force shift workers to live hand to mouth, doling out jobs at the airline's convenience.
Series writer Johnny Sullivan has decided to pension off Del Boy, played by David Jason, and Rodney after 21 years and 62 episodes.
But Williams reckons it is time to pension off the Swansea captain, who turned 30 a fortnight ago.