That qualifies to receive a pension

present participle of pension

plural of Chelsea pensioner

(UK) Any of the retired British army officers now resident in Royal Hospital Chelsea, noted for their ceremonial scarlet coats and tricorne hats.

someone who is on early retirement

(Britain) A person in receipt of an old age pension, a senior citizen.

plural of old age pensioner

Alternative spelling of old-age pensioner

plural of old-age pensioner

A pool of assets forming an independent legal entity that are bought with the contributions to a pension plan for the exclusive purpose of financing pension plan benefits.