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 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.
One senior official said that the KP government had floated the proposal upon which PM directed to conduct a study on the pros and cons of early or late retirements.
In the next five years, almost three-quarters of the companies surveyed in 2018 by Willis Towers Watson, a risk-management and insurance brokerage company, expect to face significant or moderate challenges from late retirements. But because nothing is predictable, a significant share are also worried about early ones.
This will be undertaken by a new selections panel comprising NEC chairman Ian McCartney, vice chairman Sir Jeremy Beecham and the late retirements panel.
The scenario topics include curriculum; degree and certificate requirements; grading policies; educational program development; student preparation and success; faculty roles in district and college governance structures; faculty roles in accreditation; policy for faculty professional development activities; processes for program review; processes for institutional planning and budget development; minimum qualifications for hire; hiring criteria, policies and procedures; late retirements; equivalency to minimum qualifications; administrative retreat rights; and placing items on the governing board and academic senate-union relations.