pensionary
adjective
[ ˈpɛnʃ(ə)n(ə)ri ]
• forming or serving as a pension.
• "the reduction of pensionary benefits"
pensionary
noun
• a leading town official in the Netherlands during the 14th–18th centuries.
• a person who receives a pension.
• "she was a pensionary of the family"
Origin:
late 15th century (in sense ‘paying a pension’): from pension1 + -ary1, after medieval Latin pensionarius ‘paying a pension’.