retire

(redirected from retires)
Also found in: Dictionary, Thesaurus, Legal, Financial, Idioms, Encyclopedia.
Related to retires: Retirees

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 ?
This committee will review and analyse the case of retire employees and ensure payment pension and dues of retire employees of KMC.
You aren't quite ready to retire, but you know you need to find a successor for your practice.
E proposes to add a "spend down option" to P, available to all participants who retire and meet certain criteria of E's retirement plan.
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.
You can retire with a smaller amount of savings, but that may mean scaling back your expenses, perhaps to half of what you spent while you were working," she points out.
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.
But "the handwriting is on the wall: A buyers' market will result from oversupply when CPAs start to retire in force," he says.
If a partner's firm has a high valuation when he or she retires, the retiree can reap the fruits of a lifetime of effort by cashing out and allowing younger partners to make payments.