Meaning & Definition of word "Retirement"
Retirement
/rɪˈtaɪərmənt/
noun:
- 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.
Etymology
●Derived from the Middle French word 'retrait', meaning 'a drawing back'.
Common Phrases and Expressions
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.
Related Words
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.
Slang Meanings of retirement
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.