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 ?
PA Pres Mahmoud Abbas, appoint four new commanders to head security forces in the West Bank and Gaza, pensioning off a number of senior figures associated with the era of his predecessor Yassir Arafat.
They came a day after Iraqi's new prime minister Iyad Allawi struck a deal with nine political parties to dissolve their militias, integrating some of the 100,000 fighters into the army and police and pensioning off the rest.
Villagers are asking the Queen and the Prime Minister to stop the Post Office pensioning off their postman.