1. present participle of pension; providing with a pension or retiring someone with a pension
Usage: often used with ‘off’

Examples

• The company is pensioning off several long-term employees this year.
• They are pensioning the veteran workers who have served for decades.
• The government is pensioning disabled veterans with full benefits.
• After thirty years of service, they’re pensioning him with honor.
• The firm is pensioning its oldest staff members early.
• She’s being pensioned off at age sixty-five.