- When a person chooses to leave the workforce. The concept of full retirement – being able to permanently leave the workforce in old age – is relatively new, and for the most part only culturally-widespread in first-world countries. Many developed countries have some type of national pension or benefits system (i.e. the United States' Social Security system) to help supplement retirees' incomes.
Dramatic advances in healthcare have extended the lives of people in, predominantly, first-world and developed countries. That means that without adequate personal savings and/or pensions, people could easily outlive their retirement funds. In times of economic downturn retirees may choose to "come out of retirement" and re-enter the workforce on a seasonal, part-time or full-time basis to earn income and obtain benefits, especially costly health insurance coverage.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
retirement — ⇒RETIREMENT, subst. masc. Vieilli A. 1. DR. Obligation faite à l acheteur, dans une vente mobilière, de prendre livraison de la chose vendue. En matière de vente de denrées et effets mobiliers, la résolution de la vente aura lieu de plein droit… … Encyclopédie Universelle
Retirement — Re*tire ment, n. [Cf. F. retirement.] 1. The act of retiring, or the state of being retired; withdrawal; seclusion; as, the retirement of an officer. [1913 Webster] O, blest Retirement, friend of life s decline. Goldsmith. [1913 Webster]… … The Collaborative International Dictionary of English
retirement — Retirement, Retractio. Retirement et recelement, Receptio. Retirement de l autruy à soy, Detractio alieni. Retirement et retraction de nerfs, Contractio neruorum … Thresor de la langue françoyse
retirement — Retirement. s. m. v. Contraction, racourcissement. Il n a d usage qu en termes de Chirurgie & dans ces phrases. Le retirement des nerfs. un retirement de nerfs … Dictionnaire de l'Académie française
retirement — index abandonment (desertion), cessation (termination), end (termination), expiration, layoff … Law dictionary
retirement — (n.) 1590s, act of retreating, also act of withdrawing into seclusion, from Fr. retirement (1570s); see RETIRE (Cf. retire) + MENT (Cf. ment). Meaning privacy is from c.1600; that of withdrawal from occupation or business is from 1640s … Etymology dictionary
retirement — ► NOUN 1) the action or fact of retiring. 2) the period of one s life after retiring from work. 3) seclusion … English terms dictionary
retirement — [ri tīr′mənt] n. 1. a retiring or being retired; specif., withdrawal from work, business, etc. because of age 2. a) privacy; seclusion b) a place of privacy or seclusion … English World dictionary
Retirement — For other uses, see Retirement (disambiguation). Finance Financial markets … Wikipedia
retirement — noun ADJECTIVE ▪ early, premature ▪ A knee injury forced him into premature retirement. ▪ active ▪ comfortable, happy, secure … Collocations dictionary
retirement — Removal from circulation of stock or bonds that have been reacquired or redeemed. Bloomberg Financial Dictionary * * * retirement re‧tire‧ment [rɪˈtaɪəmənt ǁ ˈtaɪr ] noun 1. [uncountable] the act of leaving a job because you have reached the end… … Financial and business terms