award vs pension

award and pension both are nouns.

Word	Noun	Adjective	Verb	Adverb
award	Yes	No	Yes	No
pension	Yes	No	Yes	No

As verbs, pension is a hyponym of award; that is, pension is a word with a more specific, narrower meaning than award:

Other hyponyms of award include pension off.

award (noun)	pension (noun)
a grant made by a law court	a regular payment to a person that is intended to allow them to subsist without working
a tangible symbol signifying approval or distinction
something given for victory or superiority in a contest or competition or for winning a lottery

award (verb)	pension (verb)
give, especially as an honor or reward	grant a pension to
give as judged due or on the basis of merit