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Vinony

pension off

verb

  1. let go from employment with an attractive pension
L1523353 on Wikidata ↗

Wiktionary

verb

  1. To end a contract and give a pension to.

    “to pension off a worker for political reasons”

    “"How did you get in?" "Dear old Conrad here." Tommy smiled deprecatingly at him. "I hesitate to suggest pensioning off a faithful servant, but you really ought to have a better watchdog."”