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 ?
Using the Amount Saved Calculator, we came up with the following: If you plan to save $3,000 a year until you retire in another 30 years at age 67, and your investments earn 7% interest per year, you could expect to have $295,330.87 upon retirement.
REFLECTIONS: A avoided RMDs, even though he was 70 1/2, because he did not retire and was not a 5% owner in the plan receiving the rollover.
However, on February 28, 1967, while I was serving in the Republic of Vietnam, I was severely wounded and shortly thereafter forced to retire with 13-plus years of service.
"They said,`If you retire early, you can keep your insurance,'" recalls William McKenna, a retiree from the company.
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.
Between 1987 and 1999, seven of eight district directors, seven of eight assistant district directors, thirteen casework supervisors, and two services supervisors are retiring (one district director and one assistant district director did not provide retirement dates, however using age and years of service, it is probable that both will retire by 1999).
Legal actions initiated by unions and retirees have resulted in court decisions that employers could not unilaterally reduce or terminate benefits previously promised to retirees.
This committee will review and analyse the case of retire employees and ensure payment pension and dues of retire employees of KMC.
Synopsis: Thirty-seven percent of nonretired Americans say they expect to retire after age 65, similar to percentages for the past several years.
Add to that a host of silverware throughout his career with Warriors and Newcastle, and Culley says he can retire a happy man.
The fact that we are not considered old until we reach our seventies doesn't actually mean we want to keep working until then however - ideally we'd all retire at 55.
But "the handwriting is on the wall: A buyers' market will result from oversupply when CPAs start to retire in force," he says.