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 mayor addressing the meeting said payment of pension to retire employees is our priority.
Among those with $100,000 or more invested, 37% have thought a lot about when to retire.
l United boss Sir Alex Ferguson n May 2001 that he would retire the summer, only to perform a U-turn.
The research found that people planning to retire in 2011 expect to have an average income of Au16,600 -- marginally higher than 2010's figure of Au16,500.
Congress agreed to an Air Force request to retire 10 of its 52 F-117s, but included language that the 10 aircraft be kept in a condition that would allow them to be recalled.
Companies most often retire high-tech assets as part of an overall refresh strategy, resulting in hundreds or thousands of assets being removed from a specific location at once.
Retiring partners get to start the process, achieve some long-term goals and maintain a measure of independence until they retire, while the successor firm benefits more than from a straight purchase or standard merger.
2002-41, the maximum reimbursement under the HRA, which is not applied to reimburse medical care expenses before an employee retires or otherwise terminates employment, continues to be available for such costs after retirement.
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.
As well, 18 per cent of the 25,000 individuals over the age of 45 years who were surveyed between February 2002 and December 2002 said they did not intend to ever retire while 12 per cent said they did not know when they planned to retire.
I shared with them the fact that I was flexible about timing in order to ensure that there would be no gap in the company's financial stewardship, but I did indicate a desire to retire sometime in the summer.
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.