Definition of RETIREMENT
RETIREMENT Noun
Retirement is a noun that refers to the act, process, or state of withdrawing from active employment or occupation, typically after reaching a certain age, completing a specified period of service, or fulfilling eligibility criteria for retirement benefits. It represents a significant life transition marking the conclusion of one’s professional career and the beginning of a new phase characterized by leisure, relaxation, or alternative pursuits.
Transition from Employment: As a noun, retirement signifies the transition from being actively employed to being retired, often accompanied by the cessation of full-time or part-time work and the commencement of retirement benefits provided by an employer or government program. It marks the end of regular employment and the beginning of a period devoted to personal interests, hobbies, or activities.
Financial Planning and Security: Retirement involves careful financial planning and preparation to ensure a comfortable and secure future after leaving the workforce. It may entail saving and investing for retirement, contributing to retirement accounts such as pensions, 401(k) plans, or individual retirement accounts (IRAs), and estimating retirement income needs and expenses.
Social Security and Retirement Benefits: For many individuals, retirement is associated with eligibility for Social Security benefits or employer-sponsored retirement plans, which provide a source of income to support retirees during their non-working years. Retirement benefits may include pensions, annuities, retirement savings, and other forms of financial assistance.
Lifestyle Changes and Leisure Activities: Upon retirement, individuals often experience lifestyle changes and have the opportunity to pursue leisure activities, hobbies, travel, or volunteer work that they may not have had time for during their working years. Retirement offers newfound freedom, flexibility, and opportunities for personal fulfillment and self-discovery.
Health and Well-being in Retirement: Retirement also presents an opportunity for individuals to focus on their health, well-being, and quality of life. Retirees may prioritize activities that promote physical fitness, mental stimulation, and emotional well-being, enhancing their overall health and vitality during retirement.
Retirement represents the act, process, or state of withdrawing from active employment or occupation and entering a new phase of life characterized by leisure, relaxation, and personal fulfillment. Whether planning for financial security, embracing lifestyle changes, or prioritizing health and well-being, retirement marks a significant milestone in an individual’s life journey.
Examples of RETIREMENT in a sentence
- After years of hard work, he looked forward to his retirement and spending more time with his family.
- Planning for retirement involves saving money and investing wisely.
- She decided to travel the world during her retirement and explore new cultures.
- The company offers a comprehensive retirement plan for its employees.
- Many people choose to downsize their homes upon retirement.
- The retirement community provides various amenities and activities for its residents.
- Health insurance is an important consideration for retirement planning.
- He decided to pursue his passion for painting after retirement.
Origin of RETIREMENT
The term retirement embarks on a linguistic journey, tracing its origins through centuries of societal, economic, and cultural development. Rooted in Middle English and French influences, it has evolved into a specific term that signifies the act of withdrawing from active employment and entering a period of leisure or semi-leisure.
- Middle English Roots: The word retirement is derived from the Middle English verb “retiren,” which meant “to retreat” or “to withdraw.” This verb was influenced by the Old French “retirer,” which shares similar meanings.
- French Influence: The Old French verb “retirer” evolved from the Latin “re-” (meaning “back” or “again”) and “tirare” (meaning “to draw” or “to pull”). In French, it denoted the act of pulling back or withdrawing from a position or activity.
- Historical Context: In its earliest usage, retirement referred to the withdrawal of military forces from active combat or the retreat of individuals from public life or social engagements. Over time, the term became associated with the cessation of full-time employment and the transition to a period of rest or leisure in later life.
- Economic and Social Shifts: The concept of retirement gained prominence in the 20th century with the rise of industrialization, urbanization, and social security systems. Retirement became a stage of life marked by the cessation of regular employment and the receipt of retirement benefits or pensions.
- Cultural Perceptions: As societies evolved, attitudes towards retirement shifted from viewing it as a period of decline or inactivity to valuing it as a time for leisure, self-discovery, and personal fulfillment. Retirement has become associated with travel, hobbies, volunteerism, and spending time with family and friends.
Retirement stands as a term that reflects humanity’s evolving relationship with work, aging, and leisure. From its Middle English and French roots to its modern-day applications in retirement planning, social policy, and senior living, the word embodies the concept of transitioning from active employment to a period of relaxation and enjoyment in later life.
Synonyms
- Withdrawal
- Departure
- Resignation
- Abandonment
- Retreat
- Seclusion
- Relaxation
- Disengagement
Antonyms
- Employment
- Active
- Engagement
- Work
- Occupation
- Involvement
- Activity
- Employment
Related
- Pension
- Seniority
- Golden years
- Leisure
- Relaxation
- Aging
- Rest
- Break
🌐 🇬🇧 RETIREMENT in other languages
| Spanish 🇪🇸 | Jubilación |
| French 🇫🇷 | Retraite |
| German 🇩🇪 | Ruhestand |
| Chinese (simpl) 🇨🇳 | 退休 |
| Chinese (trad) 🇨🇳 | 退休 |
| Italian 🇮🇹 | La pensione |
| Portuguese 🇵🇹 | Aposentadoria |
| Dutch 🇳🇱 | Pensioen |
| Swedish 🇸🇪 | Pensionering |
| Norwegian 🇳🇴 | Pensjon |
| Finnish 🇫🇮 | Eläkkeelle siirtyminen |
| Romanian 🇷🇴 | Pensionare |
| Polish 🇵🇱 | Emerytura |
| Hungarian 🇭🇺 | Nyugdíjazás |
| Czech 🇨🇿 | Odchod do důchodu |
| Bulgarian 🇧🇬 | пенсиониране |
| Ukrainian 🇺🇦 | Вихід на пенсію |
| Russian 🇷🇺 | Выход на пенсию |
| Turkish 🇹🇷 | Emeklilik |
| Azerbaijani 🇦🇿 | Təqaüd |
| Armenian 🇦🇲 | Թոշակի անցնելը |
| Arabic 🇸🇦 | التقاعد |
| Hebrew 🇮🇱 | פרישה לגמלאות |
| Urdu 🇵🇰 | ریٹائرمنٹ |
| Farsi/Persian 🇮🇷 | بازنشستگی |
| Hindi 🇮🇳 | निवृत्ति |
| Bengaleli/se 🇧🇩 | অবসর |
| Marathi 🇮🇳 | निवृत्ती |
| Telugu 🇮🇳 | పదవీ విరమణ |
| Tamil 🇮🇳 | ஓய்வு |
| Gujarati 🇮🇳 | નિવૃત્તિ |
| Kannada 🇮🇳 | ನಿವೃತ್ತಿ |
| Odia (Orya) 🇮🇳 | ଅବସର |
| Malayalam 🇮🇳 | വിരമിക്കൽ |
| Punjabi 🇮🇳 | ਰਿਟਾਇਰਮੈਂਟ |
| Sinhala/ese 🇱🇰 | විශ්රාම ගැනීම |
| Nepali 🇳🇵 | सेवानिवृत्ति |
| Burmese 🇲🇲 | အငြိမ်းစားယူ |
| Thai 🇹🇭 | เกษียณอายุ |
| Vietnamese 🇻🇳 | Sự nghỉ hưu |
| Malay 🇲🇾 | bersara |
| Indonesian 🇮🇩 | Masa pensiun |
| Tagalog 🇵🇭 | Pagreretiro |
| Japanese 🇯🇵 | 退職 |
| Korean 🇰🇷 | 퇴직 |
| Oromo 🇪🇹 | Soorama bahuu |
| Somali 🇸🇴 | Hawlgab |
| Amharic 🇪🇹 | ጡረታ መውጣት |
| Swahili 🇹🇿 | Kustaafu |
| Yoruba 🇳🇬 | Ifẹhinti lẹnu iṣẹ |
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