pension-n; 2 Senses

Sense Number 1: a regular payment received from the government, e.g, retirement benefits

Commentary: PENSION[+money][+income][+regular][+retirement/+commission] [+quantity][+sum][+fixed] [+relation][+payment][+benefit/+reward]
NOTE: can be a benefit or a commission for creating work of public value

Many companies now offer 401k savings accounts instead of pension plans.
Many pension funds are now being invested in hedge funds.
His grandparents had only a modest pension from the railroad to live on.
There are reports that pension checks are being stolen in the mail.
The artist received a pension from the King to paint the royal portraits.
The scholar received no pension from the Crown for his mathematical treatises.
The pension that comes every month will not cover all her expenses.

WordNet 0.0 Sense Numbers: 1b

Sense Number 2: a European-style boardinghouse

Commentary: PENSION[+hotel][+European][+boardinghouse]

We stayed at a lovely pension outside Barcelona.
You must share a bath at that French pension but the gardens are lovely.

WordNet 0.0 Sense Numbers: 2