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 ?
401(a)(9) to provide that, for employees who are not 5% owners, the required beginning date for minimum distributions from a qualified plan is April 1 of the calendar year following the later of the calendar year in which the employee attains age 70X or the calendar year in which the employee retires.
Whatever the level of future Medicare benefits, the overwhelming majority of workers believe they will need additional health coverage when they retire.
Not only are Americans not saving enough for their planned retirement, but our survey found that more than one in five will retire an average of eight years before they expected," said Mary Fay, Vice President & General Manager, Annuities of Sun Life Assurance Company of Canada (U.
He decided to retire, knowing he already qualified for his pension, and hope that his investments don't go sour and his $3,500 monthly allowance provides enough for living expenses and a collection of old railroad lanterns.
Cassel, who also relishes her five-mile walks each morning, didn't retire early by accident.
Shows how the Social Security Administration (SSA) computes retirement benefits and how this affects the decision on when to retire.
In three of four years, I want to have the option to retire," says Picott, who works as director of technical support for Digital Equipment Corp.
Seven directors will retire from the board at the June meeting, reducing the size of the board from 19 to 14.
On May 26, approximately $350 million of the $392 million in net proceeds raised in the IPO was used to retire debt.
Then Earnhardt asked Wallace when he was going to retire.
Example: PS, a partnership owned equally by A, B and C, will retire A by making annual Sec.
He was able to retire two years earlier than normally would be the case,'' Parisi said.