pension off

verb

1. to cause to retire from a post and pay a pension to
2. to discard, because old and worn

   to pension off submarines

Example Sentences

Rusty carriages that looked as if they had spent years pensioned off in some siding were hauled back into service so the railway company could lay on dozens of extra services.

From BBC

Due to a deteriorating psychiatric condition, Ms Murray was pensioned off from the civil service in August 2019.

From BBC

The airline struggled with a 51-day pilots' strike between September and November 2017, grounding half its fleet and resulting in dozens of pilots being fired, while others resigned or were pensioned off.

From Reuters

It would be nonsensical to pension off any of that quartet – McIlroy and Fowler are 31, Thomas and Spieth 27 – but suddenly there are new kids on the block.

From The Guardian

“Maybe it’s time for the whole thing to be pensioned off and rethought.”

From New York Times