retire

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retire

1. To discontinue formal employment or work at a specific place or task. In the past, in many industries, educational institutions, and public service, retirement was mandated when an employee had attained a specified age. This practice has lost its attractiveness to a large segment of the workforce, esp. among those who enjoy work. See: recreation
2. To go to bed.
References in periodicals archive ?
The state's generous exclusion of taxable Social Security benefits, retirement income such as pensions, IRAs and 40lks is attractive to retirees seeking to relocate.
The Medicare Advantage plan streamlines the experience for retirees and employers.
He said he understood that the retirees can get 'sensitive' at some issues.
Retirees were more likely than pre-retirees to feel good about their budgeting and cash flow, with U.
This is consistent with what retirees experience, according to the SOA.
The topic of out-of-pocket costs of medical coverage also showed a disconnect, with just over one-third (34%) of retirees saying their employers communicated information to them, versus the 53% of employers that said they did so.
By 2010, 32 percent of workers expected retiree health benefits, while only 25 percent of early retirees and 16 percent of Medicare-eligible retirees had them, Fronstin says.
Half of retirees and more than six in 10 pre-retirees expressed concern about having enough money to pay for adequate health care (49 percent of retirees, 67 percent of pre-retirees), and their income varying from changes in interest rates (52 percent of retirees, 62 percent of pre-retirees).
After the trustee has accomplished all the foregoing requirements, the court will grant a motion to modify retiree benefits only if it finds that the trustee has properly satisfied these requirements, that the authorized representative of the retirees has refused to accept it without ''good cause," that the modification of benefits is necessary, and that all of the affected parties are treated fairly and equitably (section 1114[f][l]).
But now the number of retirees is growing exponentially, and employers are looking for valid options to sustain financial viability and provide choice to the retirees they serve.
About 2,800 municipal retirees were already covered under a Medicare supplement plan and were not affected by the adoption of Section 18.
Categories: Income Security, Accountability, Cost analysis, Employee medical benefits, Employee retirement plans, Federal employee retirement programs, Federal/state relations, Health care costs, Local governments, Pensions, Program management, Retirees, Retirement, Retirement benefits, Retirement income, State employees, Statistical data, Strategic planning