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pensioner (n.)

"one in receipt of a pension or regular allowance," late 15c., from Anglo-French pensionner, from Old French pensionnier (mid-14c.), from Medieval Latin pensionarius, from pension "a payment" (see pension (n.)).

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Definitions of pensioner from WordNet

pensioner (n.)
the beneficiary of a pension fund;
Synonyms: pensionary
From wordnet.princeton.edu