Late Retirement

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Late Retirement

A situation in which one delays one's retirement until after the usual time. For example, if the general retirement age is 65, one takes late retirement if one works until one is 70. In the United States, late retirement can increase one's Social Security benefits because one continues to pay into the system.
References in periodicals archive ?
This will be undertaken by a new selections panel comprising NEC chairman Ian McCartney, vice chairman Sir Jeremy Beecham and the late retirements panel.
A race-long tussle between Steyning AC, Coventry and Surrey finally went the way of the Sussex club when two late retirements down the field improved their score by the two points they needed to snatch a dramatic victory.