retire

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Retire

To extinguish a security, as in paying off a debt.

Retirement

1. The act or process of causing a security to cease to exist. It especially applies to debt securities; when a bond for example matures is said to be retired. However, a stock or other security may also be retired if its issuer buys it back.

2. A situation in which one stops working in one's old age, or at least when one has saved enough money to last the remainder of one's life. Generally, retirement occurs after the age of 65, but this is not a hard-and-fast rule. Both governments and companies offer pensions, annuities, and other plans to provide for one's financial needs in retirement.

retire (a debt)

To pay off a loan.
References in periodicals archive ?
Faced with exploding health-care liability costs, many companies have launched plans to reduce, or even eliminate, their retiree medical benefits.
Contributions to VEBA trusts for retiree benefits are limited because the cost of health benefits for future retirees used in the calculations must be the same as the cost of health benefits provided current retirees.
The Uncertain Promise of Retiree Health Benefits is organized into 10 chapters that explore a variety of issues that are part of the retiree health benefits debate.
Sometimes the retirees revisit sites they've planted, and they find the conifers have a survival rate of about 90 to 95 percent and the oaks 70 to 80 percent.
These position classes account for 83% of all projected retirees.
May 20, 2015 /PRNewswire/ -- Challenges and opportunities created by the Affordable Care Act are prompting two-thirds of companies to consider altering their pre-65 retiree health strategies over the next few years, according to a new Aon Hewitt survey.
But despite the fall in retiree health coverage, many workers still believe they'll receive it, the new report from the non-partisan research group finds.
The Connector Model combines available individual Medicare plans, robust retiree decision-support tools and experienced customer service teams to help retirees understand their choices and feel confident about the decisions they make.
Joe Casello of Worcester is co-chairman of the Coalition of Worcester Retirees.
Some retirees could receive payments from both departments, but officials hope to synchronize the process to limit confusion for retirees.
This volunteer position is open to retired Air Force officers or enlisted personnel who wish to serve as the Air Force chief of staff's personal liaison with the Air Force retiree community.
The increasing numbers of retirees, rising health care costs and the growing trend of cost-shifting medical insurance premiums from employers to retirees ensure that other courts will address this issue.