She was 'pensioned off' after 35 years with the company. [=she was forced to retire after 35 years with the company]
a job with 'pension benefits' [=a job that pays a pension after a number of years of employment]
a 'pension fund' [=money that a company invests in order to earn money to pay pensions]
(..) Can't beIieve it. Hardened cops dancing in the street... and broadcast on the o'cIock news. - The SWAT team was offered Vegas. - I'm history. The Captain'II have my badge for breakfast with a pension on top. It's not aII your fauIt. Something wiII turn up. Sure, Ipkiss wiII faII right into my Iap. (..)1994 The Mask