This is the 14578th most frequent Russian word.
пенсия
"Pension" or "retirement allowance."
In this sentence, 'пенсия' refers to the status of being retired or having reached retirement age.
Он вышел на пенсию в прошлом году.
He retired last year.
The term 'пенсия' is used here in the context of the concept of retirement.
В России возраст выхода на пенсию зависит от пола.
In Russia, the retirement age depends on gender.
Here, 'пенсия' denotes the financial support received after retirement.