Pensionary

a.	1.	Maintained by a pension; receiving a pension; as, pensionary spies.
	2.	Consisting of a pension; as, a pensionary provision for maintenance.
n.	1.	One who receives a pension; a pensioner.
	2.	One of the chief magistrates of towns in Holland. Grand pensionary the title of the prime minister, or or president of the Council, of Holland when a republic.

Noun	1.	pensionary - the beneficiary of a pension fund Synonyms: pensioner
	2.	pensionary - a person who works only for money Synonyms: hireling

beneficiary, donee, old-age pensioner, pension, pension off, pensioner