A house or apartment where two pensioners or more reside, where frequent parties, drinking and cooking is usally involved. Above-mentioned residencies are usually well maintained, level-floored and perfectly equipped.
Peter sold his house in the suburbs after retirering from the military and bought him and his wife a big ass pensioners pad.
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.