to make someone leave a job and give them a pension

Workers in the company are being pensioned off at 50. 该公司的工人到50岁时就要领养老金退休。

to stop using something, usually a machine, because it is old and has been used too much

After flying for 38 years, their Wessex helicopter is about to be pensioned off. 他们的韦塞克斯直升机在飞行38年后即将退役。