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 periodicals archive ?
People who feel that they will live longer plan a late retirement.
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.
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.
Research by uSwitch has revealed that high living costs, below average government spending on health and education, lack of holidays and late retirement have contributed to a bleak picture for Brits.
The price of fuel and other essentials, below-average spending on health and education, short holidays and late retirement put the UK just above Ireland at the foot of the uSwitch.
The price of fuel and essentials, below average spending on health and education, short holidays and late retirement, place Wales and the rest of the UK just above Ireland at the bottom of the uSwitch.
More than 85% of boomers polled expect to continue to work during the first 5 years of retirement, as compared to 10% and 3%, respectively, in the mid-retirement and late retirement years.