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 ?
KARACHI -- Mayor Wasim Akhter has directed to form a committee for payment of dues and pension to disabled and retire employees including cardiac and cancer patient and for such cases which are pending in court and at federal ombudsman.
It is clearly in both parties' interests to give clients and the successor the opportunity to become acclimated to each other before a trusted partner retires. That way the seller is still available to assist in completing the transition.
When an employee retires, the employer automatically (and on a mandatory basis) contributes an amount equal to all or a portion of the retired employee's accumulated unused vacation and sick leave.
That way, by the time she retires, she'll have five years or less to worry about payments.
He retires his position on TAPPI's board of directors this year.
Marital quality slumps the most among couples in which only one spouse retires, especially when the husband retires and the wife keeps working.
A does not intend to separate from the service of, or retire from, B.
When a strong managing partner who's made most of the decisions retires, younger partners--in hopes of creating a more collegial atmosphere--often try to run the firm by consensus.
Joyce Jones retires at age 65 and collects almost $16,000 in Social Security benefits.
A retired partner receives all compensation due for the year he or she retires by March 15 of the following calendar year.
A partner's ultimate payout depends on the value of the firm at the time he or she retires and generally is spread out over a period of 10 years.
When a general partner in a partnership in which capital is not a material income-producing factor retires, payments received for the partnership interest will be divided into the following categories: