Spanish translation: Pension de jubilacion (con tilde en la o, ambas)
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Explanation: Hi Doris:-)
This is SIMPLY to confirm the absolute correctness of "trixiemck´s" answer. Before deciding to live in Mexico 24 years ago, I worked for 4 years as a bartender for P&O-Princess Cruises. In other words, I KNOW what I'm talking about. It is most definitely "jubilación" --or, "pensión de jubilación"----both terms are absolutely correct and acceptable.
Thanks Terry! and thanks to all the translators who gave me good answers!
I also would like to send you my Christmas Wishes to all of you ... y que reine la paz y la felicidad en la tierra.
Merry Christmas! !Feliz Navidad! 3 KudoZ points were awarded for this answer