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 ?
This committee will review and analyse the case of retire employees and ensure payment pension and dues of retire employees of KMC.
I still believe I can retire as world champion, and I accept the fact that this is my last opportunity.
You aren't quite ready to retire, but you know you need to find a successor for your practice.
E proposes to add a "spend down option" to P, available to all participants who retire and meet certain criteria of E's retirement plan.
But they become more satisfied if they either go back to work in other jobs or their husbands retire and then go back to work.
You can retire with a smaller amount of savings, but that may mean scaling back your expenses, perhaps to half of what you spent while you were working," she points out.
In December 1993, for instance, Los Angeles County's Thomas Tidemanson was able to retire from his $158,000 a year job as director of public works with an annual pension of $190,000.
Other safety-sensitive occupations in the United States also have mandatory retirement ages, including air traffic controllers, who must retire at age 56.
But "the handwriting is on the wall: A buyers' market will result from oversupply when CPAs start to retire in force," he says.
About 20 percent of the county's managers and 7 percent of rank-and-file employees are expected to retire in the next three years as baby boomers, mostly in their mid- to late-50s, decide to retire, said Susan Stern, chief deputy of the Department of Human Resources.
He doesn't want to retire from making these USO overseas tours, but at 78 he's slowing down some, and the long flights and visits have just become too physically grueling.
If a partner's firm has a high valuation when he or she retires, the retiree can reap the fruits of a lifetime of effort by cashing out and allowing younger partners to make payments.