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pension2 British English
pension somebody/something ↔ off
1BEC to make someone leave their job when they are old or ill, and pay them a pension : 
Not everyone wants to be pensioned off at 65.
Not everyone wants to be pensioned off at 65.2 informal to get rid of something because it is old or not useful any more : Many of the old ships have been pensioned off.
Many of the old ships have been pensioned off.
