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pensioner noun

  /ˈpɛnʃənə/ , /ˈpɛnʃənɚ/
  • (chiefly, UK, Canada) Someone who lives on a pension, especially the retirement or old age pension.
 pensionist

pension noun

  /ˈpɛnʃən/
  • (finance) 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.]
 pension
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