Etymology From Middle English pencioun, pensioun, from Anglo-Norman pencione, Old French pencion, and their source, Latin pēnsiō (“payment, weight, rent, compensation”), from the participle stem of pendō (“to weigh”). Doublet of pensione.
1
Business, Finance An annuity paid regularly as benefit due to a retired employee, serviceman etc. in consideration of past services, originally and chiefly by a government but also by various private pension schemes.
Many old people depend on their pension to pay the bills.
Etymology From Middle English pencioun, pensioun, from Anglo-Norman pencione, Old French pencion, and their source, Latin pēnsiō (“payment, weight, rent, compensation”), from the participle stem of pendō (“to weigh”). Doublet of pensione.
Etymology From French pension, from Old French pencion, as etymology 1 above. Doublet of pensione.
1
A boarding house or small hotel, especially in continental Europe, which typically offers lodging and certain meals and services.
A pension had somewhat less to offer than a hotel; it was always smaller, and never elegant; it sometimes offered breakfast, and sometimes not1978, John Irving, The World According to Garp:
2
Obsolete A boarding school in France, Belgium, Switzerland, etc.