Retirement
/rɪˈtaɪərmənt/
Definitions
- (n.) The act of leaving one's job or ceasing work upon reaching a certain age or after a period of service.
She looked forward to her retirement after forty years at the firm.
- (n.) The period of life after leaving employment, often supported by a pension or savings.
He planned to travel extensively during his retirement.
Related terms
See also
Commentary
In legal contexts, specify the retirement age and conditions clearly to avoid disputes over entitlement and benefits.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.