Late Retirement

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 classic literature ?
He had had sufficient leisure to reflect upon these things, during their late retirement; and, at times, when his careless and indolent nature would permit, had availed himself of the opportunity.
There could have been a clean sweep of Omani teams in the event had it not been to a late retirement of Hamid al Qasimi and his navigator Yaqdhan al Rashidi on the final day in their Mitsubishi Evo VIII.
Here's the rub: Not all are financially prepared as the world marches toward late retirement. About 9 in 10, or 90 percent, of Filipino workers lie awake at night wondering how they can stretch their money when they retire, according to a Rappler report quoting a study by The Global Aging Institute and Pru Life UK.
John Clift, pictured, managed Stockton High Street's vast 350,000 sq ft Castlegate Shopping Centre from its inception in 1972 to his late retirement in 2011.
People who feel that they will live longer plan a late retirement. Older employees retired earlier than originally intended.
Yet they scored the final podium place thanks to Andrew Gallacher and Jane Nicol's late retirement when their Escort Cosworth blew a turbo on the final stage.
Perhaps a general understanding of the difference between early, full and late retirement would build awareness of the need to commence more comprehensive planning.
Although Toby Spencer returned to something like his pre-Christmas form, finishing fourth after leading for much of the three laps in miserable conditions at Cheltenham's Pittville Park, Alistair Smith's late retirement meant that second-best counter Scott Hazell only just made the top 50.
One solution that has been proposed in several scholarly publications includes the increase of the retirement age as well as pension benefits for late retirement. However, early retirement has an advantage over lately retirement in the long term for the optimization of some institutions, since can be a "soft" way to reduce or to renew the workforce [4].
Listeners will receive keys to understanding how to make and keep money and how to move beyond any idea of working up to late retirement years.
Nico Hulkenberg, Sergio Perez and Jean-Eric Vergne rounded out the top 10 while McLaren's Jenson Button was a late retirement.
Given that the scheme can retain a normal retirement age, a late retirement factor can be applied to a member's accrued benefit should they continue working beyond a scheme's normal pension age.