There are multiple definitions - click on the translation that matches your context.

Pensionsanspruch

Substantiv

full

pension

noun

Comparative law notes

Germany

In the US, the phrase "having a pension" actually means having a CLAIM to a pension.

Definitions of pension

English

money paid regularly by the government or a private company to a person who has retired from work (=no longer working because they are too old or too ill) or to a surviving relative of a person who has died and who had the right to assign their pension to another person

Widows who remarry or move in with a new partner would lose their military pensions.