retirement


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Related to retirement: Retirement age

Retirement

Removal from circulation of stock or bonds that have been reacquired or redeemed.

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.

retirement

1. The disposal of a fixed asset at the end of its useful life. Retirement may result in a gain or loss, depending upon any compensation received for the asset and whether the asset is carried at a positive book value.
2. The voiding of a firm's own stock that has been reacquired and is being held as Treasury stock.

retirement

the termination of an individual's working career at a certain age with the expectation that he or she will no longer undertake paid employment. In the UK the normal retirement age for men has been 65 and for women 60. European law has a big effect on retirement benefits in the UK. For some time it has been required that men and women have the same pension rights in occupational schemes despite differing retirement ages, thereby meaning that women's benefits are more favourable than men's. The European Court of Justice has now ruled that benefits should be the same. This could mean that the retirement age for women will become 65. Another recent innovation, stemming from the Court, is that part-time workers can no longer be excluded from occupational pension schemes. Until recently many occupational pension schemes excluded part-time workers but the Court has ruled that since many part-time employees are female, exclusion could be a form of DISCRIMINATION.
References in periodicals archive ?
Relying on just one type of plan can mean that many employees will receive inadequate retirement benefits.
Seongsu and Feldman (2000) investigated employment that followed retirement by studying the retirement of 371 professors from the University of California system who accepted an early retirement incentive package in 1994.
A division of AIG, AIG Life & Retirement offers a broad portfolio of protection, retirement savings, investment and lifetime income solutions.
This legislation follows a 2017 report by the Government Accountability Office that recommended the creation of an independent panel of experts to assess our current system and make recommendations to improve the nations collective retirement security.
But the SC ruled that in determining whether a retirement plan is an early retirement incentive plan as opposed to a prohibited supplementary retirement plan, the primary consideration is the objective.
Among workers who received an estimate of what their income would be in retirement, almost seven in 10 expressed confidence they would live the retirement lifestyle they desired, and seven in 10 said they were saving enough to live comfortably in retirement.
"Amid retirement savings shortfalls, American workers are attempting to prop up our system's three-legged stool by adding a fourth leg: working during retirement," says Collinson.
More than half (52%) of survey respondents remain optimistic about their health in retirement. Just 20% are pessimistic.
Along with finding that health tends to improve during retirement, this study also finds that retirement does not bring added use of healthcare, and so the health improvements have no added costs.
* Cut current expenses: Chances are, not all of your expenses are absolutely essential If you can wipe out or trim certain expenses, such as expensive coffees and daily lunches out, you'll free up more money to invest for retirement.
* Of those calculating a retirement savings goal, 76 percent are factoring in the cost of health care.
"I'm alarmed by the severity of the retirement racial divide," Rhee said.