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pensioned
The Collaborative International Dictionary
Pensioned

Pension \Pen"sion\, v. t. [imp. & p. p. Pensioned; p. pr. & vb. n. Pensioning.] To grant a pension to; to pay a regular stipend to; in consideration of service already performed; -- sometimes followed by off; as, to pension off a servant.

One knighted Blackmore, and one pensioned Quarles.
--Pope.

Wiktionary
pensioned

vb. (en-past of: pension)

Usage examples of "pensioned".

Treuge, a dottering half-blind pedant, who ought to have been pensioned years before.

The pompoms remind me of Papa Brunies, a pensioned teacher who had been recalled to his post during the war.

Ultimately, the strategy failed and Bourne was pensioned off—gold-watch time.