Retirement
Retirement
Retirement (/rɪˈtaɪəmənt/) is a stage in life where an individual stops being actively involved in paid employment or work. The term is often associated with the end of one's working life, typically when they reach a certain age or after a certain number of years in service.
Etymology
The term "retirement" comes from the Middle French word retirer, which means "to withdraw". The term was first used in the early 17th century to describe the act of withdrawing to a place of safety or seclusion. In the context of employment, it began to be used in the late 19th century to refer to the act of leaving one's job and ceasing to work.
Related Terms
- Pension: A regular payment made by the state or a private company to someone who has retired.
- Social Security: A system of payments made by the government to people with an inadequate or no income, financed by taxation.
- Retirement Plan: A financial arrangement designed to replace employment income upon retirement.
- Retirement Age: The age at which a person is expected or required to cease work and is eligible for certain government or employer-based benefits.
- Early Retirement: The practice of leaving one's job and ceasing to work before the standard retirement age, often due to health reasons or personal choice.
- Retirement Home: A place where people can live after they have retired, often with some level of support or care available.
See Also
External links
- Medical encyclopedia article on Retirement
- Wikipedia's article - Retirement
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