Looking for the meaning or definition of the word pension? Here's what it means.
Noun
An annuity paid regularly as benefit due to a retired employee, serviceman etc. in consideration of past services, originally and chiefly by a government but also by various private pension schemes. [from 16th c.]
A boarding house or small hotel, especially in continental Europe, which typically offers lodging and certain meals and services. [from 17th c.]
