Webster's Revised Unabridged Dictionary · 1913

Pension

Pension , noun

[French, from Latin pensio a paying, payment, from pendere, pensum, to weight, to pay; akin to pendere to hang. See Pendant, and compare Spend.]

1.
A payment; a tribute; something paid or given. [Obsolete]
The stomach's pension, and the time's expense. — Sylvester
2.
A stated allowance to a person in consideration of past services; payment made to one retired from service, on account of age, disability, or other cause; also, a regular stipend paid by a government to retired public officers, disabled soldiers, the families of soldiers killed in service, or to meritorious authors, or the like.
To all that kept the city pensions and wages. — 1 Esd. iv. 56
3.
A certain sum of money paid to a clergyman in lieu of tithes. [English] — Mozley & W
4.
A boarding house or boarding school in France, Belgium, Switzerland, etc.

Pension , transitive verb

To grant a pension to; to pay a regular stipend to; in consideration of service already performed; -- sometimes followed by off; as, to pension off a servant.
One knighted Blackmore, and one pensioned Quarles. — Pope