Despite almost bankrupting the business, the Chairman has been pensioned off with a full benefits package.
Financial and business terms. 2012.
pension somebody off — ˌpension sb ˈoff derived (especially BrE) usually passive to allow or force sb to retire and to pay them a pension • He was pensioned off and his job given to a younger man. • (informal … Useful english dictionary
pension sth off — UK US pension sth off Phrasal Verb with pension({{}}/ˈpenʃən/ verb INFORMAL ► to stop using something either because it is too old or not practical: »Increasing demand for cleaner energies mean many old power stations are being pensioned off … Financial and business terms
pension someone off — dismiss someone from employment and pay them a pension. → pension … English new terms dictionary
pension something off — discard something that is unwanted or outdated. → pension … English new terms dictionary
pension — ▪ I. pension pen‧sion 1 [ˈpenʆn] noun [countable] FINANCE an amount of money paid regularly by a government, company, or financial institution to someone who is officially considered to be too old or too ill to earn money by working; =… … Financial and business terms
pension off — verb 1. let go from employment with an attractive pension The director was pensioned off when he got senile • Hypernyms: ↑displace, ↑fire, ↑give notice, ↑can, ↑dismiss, ↑give the axe, ↑send away, ↑ … Useful english dictionary
pension — pension1 [ pɛnʃ(ə)n] noun a regular payment made by the state to people of or above the official retirement age and to some widows and disabled people. ↘a regular payment made during a person s retirement from an investment fund to which that… … English new terms dictionary
pension — I. noun Etymology: Middle English, from Anglo French, from Latin pension , pensio, from pendere to pay more at pendant Date: 14th century 1. a fixed sum paid regularly to a person: a. archaic wage b. a gratuity granted (as by a government) as a… … New Collegiate Dictionary
pension — / penʃən/ noun money paid regularly to someone who no longer works ■ verb ♦ to pension someone off to ask someone to retire and take a pension … Dictionary of banking and finance
Pension — Pen sion, v. t. [imp. & p. p. {Pensioned}; p. pr. & vb. n. {Pensioning}.] 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. [1913 Webster]… … The Collaborative International Dictionary of English
