Fancy design on a pole gets government funding (3,3,7)

I believe the answer is:

old age pension

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'government funding' is the definition.
The definition suggests a singular noun which matches the answer.

'fancy design on a pole' is the wordplay.
'fancy' indicates an anagram.
'design'+'on'+'a'+'pole'='designonapole'
'designonapole' anagrammed gives 'OLD-AGE PENSION'.

'gets' is the link.

Can you help me to learn more?

(Other definitions for old age pension that I've seen before include "Source of income" , "Senior citizen's allowance" .)

I've seen this clue in The Independent.

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