Top Definition
Takes the words pension and penalized to form new word meaning one who has had his or her pension reduced or eliminated by the company that they had served during their working life.
Poor mr jones has been pensionalized and is now living on the street due to his former employer taking away his pension after serving them faithfully for 38 years.
#screwed #robbed #swindled #cheated #hornswaggled #victimized
by Walter eagle December 16, 2010
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