Meaning of “pension sth off” in the English Dictionary

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"pension sth off" in British English

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(Definition of “pension sth off” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"pension sth off" in Business English

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pension sth off

phrasal verb with pension uk /ˈpenʃən/ us verb

to stop using something either because it is too old or not practical:

Increasing demand for cleaner energies mean many old power stations are being pensioned off.

(Definition of “pension sth off” from the Cambridge Business English Dictionary © Cambridge University Press)