This is the 4083rd most frequent Swedish word.
pensionär
A pensionär is a retiree or pensioner.
Here, 'pensionär' is used as a noun indicating a person who is retired.
Min morfar är pensionär sedan några år tillbaka.
My grandfather has been a retiree for a few years now.
Now, 'pensionär' is used as a description of a stage in life, in this case marking an individual as retired.
Som pensionär har man ofta mer tid för sina hobbies.
As a retiree, one often has more time for their hobbies.
In the sentence, 'pensionär' is used to denote a category of people who are retired, relevant for a policy or discount.