pension

n. financial benefit paid after a person has stopped working; boarding house; allowance, stipend

v. grant a pension, give a regular payment to someone who cannot work due to old age or disability

A pension is a steady income given to a person (usually after retirement). Pensions are typically payments made in the form of a guaranteed annuity to a retired or disabled employee. Some retirement plan (or superannuation) designs accumulate a cash balance (through a variety of mechanisms) that a retiree can draw upon at retirement, rather than promising annuity payments. These are often also called pensions. In either case, a pension created by an employer for the benefit of an employee is commonly referred to as an occupational or employer pension. Labor unions, the government, or other organizations may also fund pensions.
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Noun
1. a regular payment to a person that iis intended to allow them to subsist without working
(hypernym) regular payment
(hyponym) old-age pension, retirement pension, retirement check, retirement benefit, retirement fund, superannuation
(derivation) pension off
Verb
1. grant a pension to
(synonym) pension off
(hypernym) award, grant
(derivation) pensioner, pensionary

n. boardinghouse, house where one can rent a room and receive meals, hostel, inn, cheap hotel; pension, financial benefit paid after a person has stopped working

n. pension; keep, board; boarding school