The Collaborative International Dictionary of English v.0.48:

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.
   [1913 Webster]

         One knighted Blackmore, and one pensioned Quarles.
                                                  --Pope.
   [1913 Webster]