Pension (noun)

1. A regular payment made to someone, typically a retired person, in return for past services or as an allowance.
2. A sum of money saved or invested for one's old age.
3. A boarding house or lodging for travelers.

Origin:

Early 17th century: from french pension, from latin pensio(n-), from pendere "pay".

Examples:

1. He received a pension from his employer.
2. She saved for her pension.
3. The pension was not enough to live on.
4. He stayed at a pension while on vacation.
5. She received a pension from the government.