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What does pensionable mean?

Looking for the meaning or definition of the word pensionable? Here's what it means.

Adjective
  1. That qualifies to receive a pension
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Examples
In fact, only about half of my working life to date is made up of pensionable service, which leaves me with a gap of about nine years.
I had served at the same Canadian university for 35 pensionable years before I retired.
They should remember that every employee of pensionable age may be doing work that a school-leaver could be doing.
The company has decided to freeze the level of pensionable salaries for its 10,000 workers.
Preservation provisions under the Pensions Act arise where employees have at least five years pensionable service with their current employer.
The government should increase funding to Primary Schools by gradually raising the pensionable age to seventy, with a reasonable warning period.

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