Crossword Genius

Parisian lodging retirement fund (7)

Ross

I believe the answer is:

pension

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'retirement fund' is the definition.
(I've seen this in another clue)

I cannot understand how the rest of the clue works.

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(Other definitions for pension that I've seen before include "Nice little hotel" , "Regular payment for older people" , "support for the elderly" , "Retirement pay in a Continental boarding-house" , "Regular payment received after retirement" .)

I've seen this clue in the Sydney Morning Herald.
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