retirement

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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 ?
It may seem a little odd to discuss reasons for not stepping down first, but this issue is important since some directors do step down prematurely.
Former Mayo footballer Mark Butler is also stepping down as a selector following the St Patrick's Day victory over St Gall's of Antrim.
Three months later, Chappell announced that a trio of financial veterans was to take over the bank, and that she was stepping down as chairman of the board.
This is no different from what hospitals are doing by "stepping down" patients to subacute or skilled Medicare.
CFO SARAH FRIAR STEPPING DOWN: On Wednesday, Square, which is run by Twitter (TWTR) CEO Jack Dorsey, announced that CFO Sarah Friar will step down in order to become the CEO of Nextdoor, a social network for neighborhoods founded in 2010.
He was till now not even stepping down in spite of everybody's effort.
Presidential Spokesperson Harry Roque made the statement a day after Duterte said he was 'thinking of stepping down,' citing he was already 'tired' chasing corrupt government officials.
M2 EQUITYBITES-September 16, 2016-Viking Supply Ships announces stepping down of CEO
NORDIC BUSINESS REPORT-September 16, 2016-Viking Supply Ships announces stepping down of CEO
The LAPFF said that the bank had made a clear statement ahead of its annual meeting in April last year that Sunderland was stepping down to be replaced by Crawford Gillies.