From the 1755 edition of Samuel Johnson's Dictionary :

PE'NSION n. s. [pension, Fr.] An allowance made to any one without an equivalent. In England it is generally understood to mean pay given to a state hireling for treason to his country.

A charity bestowed on the education of her young subjects has more merit than a thousand pensions to those of a higher fortune.
--- Addison's Guardian No 105.
He has liv'd with the great without flattery, and been a friend to men in power without pensions
--- Pope.

To PENSION v. a. [from the noun.] To support by an arbitrary allowance.
One might expect to see medals of France in the highest perfection, when there is a society pensioned and set apart for the designing of them.
--- Addison on Ancient Medals.
The hero William and the martyr Charles,
One knighted Blackmore, one pension'd Quarles.
--- Pope