Meaning & Definition of word "Retirement"

Retirement

/rɪˈtaɪərmənt/

1. The action or fact of retiring, typically from one's job or profession, usually due to age or after reaching a certain number of years of service.
- Example: After many years of hard work, she finally reached her retirement and could enjoy leisure activities.
2. The period of time after one has retired from their job or profession.
- Example: His retirement was filled with travel and spending time with family.
3. The act of withdrawing from public life or from a particular role or activity.
- Example: The celebrity announced her retirement from acting to focus on her charity work.
4. A sum of money paid to someone on a regular basis, typically after they have stopped working.
- Example: He receives a comfortable retirement pension that allows him to live without financial stress.

Derived from the Middle French word 'retrait', meaning 'a drawing back'.

early retirement:

Retiring before the usual age, typically to enjoy leisure time or personal pursuits.

forced retirement:

Mandatory retirement imposed by an employer usually due to age.

retirement plan:

A financial plan set up to fund one's lifestyle after leaving the workforce.

retirement community:

Housing designed for older adults, often with amenities and support services.

pension:

A regular payment made during a person's retirement from an investment fund.

annuity:

A fixed sum of money paid to someone each year, typically for the rest of their life.

social security:

A government system that provides monetary assistance to people with inadequate or no income.

Meaning: Golden years

Example Sentence: Now that he's retired, he's looking forward to his golden years of travel and leisure.

Meaning: Kicking back

Example Sentence: After retirement, she's just kicking back and enjoying the slower pace of life.