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- Dictionarypen·sion/ˈpenSH(ə)n/
noun
- 1. a regular payment made during a person's retirement from an investment fund to which that person or their employer has contributed during their working life.
verb
- 1. dismiss someone from employment, typically because of age or ill health, and pay them a pension: "he was pensioned off from the army at the end of the war"
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