RETIREMENT Meaning and
Definition
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Retirement is a life stage or period in an individual's life when they voluntarily withdraw from their occupation or career, usually due to age, in order to dedicate their time to leisure activities, personal pursuits, or relaxation. Retirement typically marks the end of a person's working life and the commencement of receiving pension benefits or other forms of financial support.
During retirement, individuals often choose to disengage from their professional commitments, work-related responsibilities, and the regular routine they followed while active in the workforce. It is a phase where individuals no longer actively participate in the labor market, leading to a significant decrease in their professional obligations and a shift toward pursuing personal interests, hobbies, or spending quality time with family and friends.
Retirement is commonly associated with older adults who have reached a certain age or completed a designated number of years in their occupation, depending on the requirements specific to their country or employment agreement. This transitional period is regarded as an opportunity for individuals to enjoy the fruits of their labor, engage in activities they previously lacked the time for, travel, or simply relax and unwind. Retirement enables people to maintain an optimal work-life balance and actively focus on their personal well-being, while relying on the financial resources they have accumulated during their working years.
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State of being withdrawn; act of withdrawing from active life or from public notice; private way of life; seclusion; departure.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
Top Common Misspellings for RETIREMENT *
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Other Common Misspellings for RETIREMENT
Etymology of RETIREMENT
The word "retirement" comes from the French word "retirer" meaning "to withdraw" or "to retreat". It ultimately derives from the Latin word "retirare" with a similar meaning.
Similar spelling word for RETIREMENT
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