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pension

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1pension/ˈpɛnʃən/noun
pluralpensions
1pension
/ˈpɛnʃən/
noun
pluralpensions
Learner's definition of PENSION  
[count]
: an amount of money that a company or the government pays to a person who is old or sick and no longer works
2pension/ˈpɛnʃən/verb
pensionspensionedpensioning
2pension
/ˈpɛnʃən/
verb
pensionspensionedpensioning
Learner's definition of PENSION  

pension off

[phrasal verb]
pension (someone) offchiefly British or pension off (someone) 
: to allow or force (an employee) to leave a job and accept a pension
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