The most common and most likely answer to this crossword clue is the 9 letter word PENSIONED
I've seen this crossword clue in The Times
P
E
N
S
I
O
N
E
D
Buddy explains!
The straight part
We know that "having money but no work" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case having money but no work = pensioned.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does PENSIONED mean?
PENSIONED verb- To grant a pension to.
- To force (someone) to retire on a pension.