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 ?
He worked at General Motors for 43 years, retiring in 1981.
15 In the context of a distribution to a retiring or deceased partner, the partnership would not be able to accelerate any amortization or other deduction on any of the distribution allocated to any intangibles, as long as the partnership remained in business.
After retiring in 1993, he worked as a rehired annuitant at posts throughout Africa.
He practiced architecture for 40 years, 30 of them in Los Angeles, before retiring in 1982, and is a member of the Royal Institute of British Architects.
736(b), and generally result in gain to the retiring partner only to the extent the cash distributed exceeds the partner's adjusted basis in his partnership interest.
O'Neal, who turns 30 in March, frequently hints at retiring early.
The county retirement board granted work-connected disability pensions to 53 percent of retiring public safety employees, while the city of Los Angeles limited such pensions to 20 percent of its retiring police and firefighters, the report says.
After 42 years in the airline industry, I am pleased to be retiring after working with such a successful team at AirTran Airways.
1 will force workers to labor longer to get full Social Security benefits or accept smaller payouts for retiring early.
The Company will take a $175,000 pre-tax charge to earnings in the third Fiscal quarter to account for the success fee required to be paid prior to retiring the debt.
The county's deputy chief administrative officer was unanimously appointed Tuesday as interim CAO while the Board of Supervisors seeks a long-term replacement for the retiring top administrator.
Sanders is so soft-spoken, maybe people just didn't hear him when he said in early 1996 that he would consider retiring after the 1998 season because, ``I always felt when I was younger that 10 was a nice number.