In reference to dating and relationships.It's and older man or woman who may be retired or not and is in a relationship with a younger man or woman who are usually twice or three times the age of the younger man or woman.
Hey Dan is that your mother? No she is my girlfriend.Wow she is a really good looking pension planner!
by Black Death Metal July 20, 2008
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People hired and paid by an American governmental agency (can be city, state, or federal) to do a service that directly helps people. These people are given a pension, but are mean and angry with people who call on the phone or in person. They hate the job, but love the benefits including the pension. Examples can be found all over any state.
The department of health has the most pension leeches of any agency in New Mexico USA.
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A considerably younger male or female that pesters, harasses and manipulates those of pensionable age for money, sex and use of their free bus pass/mobility badge
I can't get believe those girls who live in the Playboy mansion, they are such a bunch of pension botherers
by Human Form March 20, 2016
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Baggy trousers worn by old people. The waist is usually elasticated because the wearer has arthritic fingers incapable of fastening buttons and zips. The decrepit bag-wearer always forgets to wash these repulsive garments which end up smelling like a Paki's toilet on a particularly bad day. Pensioner Pants are very popular with obese, long-past-it security guards who bore you to death with tales of their holidays in South Africa.
Good God! Look at Pork Scotch! What's the old twat wearing now?

They're his Pensioner Pants. Had them since 1973 and never washed them.
by Flappy Dickwad June 3, 2009
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A little sex each month but not enough to live on
Dude 1: Are getting back with your Ex or what?
Dude 2: Maybe, i'm getting tired of this pension sex tho.
by EuroPinseeker September 23, 2012
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A slots or pokies machine. Where pensioners go to spend their time before they kick the bucket.
Going to knock off work early and hit up the pensioners piano....you in?
by Mike Dibble April 27, 2020
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Another word for Semen Retention; Males retaining their semen during sexual intercourse. Just like a pension, you're saving it all up for a greater and more meaningful investment.
Man: " Yo Jemit, I made her cum twice and still made sure my shit was on demon pension"

Jemit: " Whhhhat, no way! How do you make a girl cum?"
by bramptonshordy June 2, 2020
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