Retirement

retiredretireearly retirementRretiringRet.RETretireesretireeformer
Retirement is the withdrawal from one's position or occupation or from one's active working life.wikipedia
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Pension

pensionssuperannuationretirement plan
Many people choose to retire when they are eligible for private or public pension benefits, although some are forced to retire when bodily conditions no longer allow the person to work any longer (by illness or accident) or as a result of legislation concerning their position.
A pension (, from Latin pensiō, "payment") is a fund into which a sum of money is added during an employee's employment years and from which payments are drawn to support the person's retirement from work in the form of periodic payments.

Old age

senior citizenelderlysenior citizens
Nowadays, most developed countries have systems to provide pensions on retirement in old age, funded by employers or the state.
The elderly also face other social issues around retirement, loneliness, and ageism.

Social Security (United States)

Social SecuritySocial Security ActSocial Security System
In the United States, while the normal retirement age for Social Security, or Old Age Survivors Insurance (OASI) was age 65 to receive unreduced benefits, it is gradually increasing to age 67 by 2027.
The largest component of OASDI is the payment of retirement benefits.

Pre-tirement

An increasing number of individuals are choosing to put off this point of total retirement, by selecting to exist in the emerging state of pre-tirement.
The neologism pre-tirement describes the emergence of a new working state, positioned between the traditional states of employment and retirement.

Survey of Health, Ageing and Retirement in Europe

Survey of Health, Ageing and Retirement in Europe (SHARE)SHAREThe Survey of Health, Ageing and Retirement in Europe
The SHARE-Study is not the only study engaging in these fields of research - it has a number of sister studies all over the world dealing with these subjects like ageing, pensions, retirement and population aging in general.

Mandatory retirement

mandatory retirement age(Rtd)compulsory retirement
Mandatory retirement also known as enforced retirement or compulsory retirement, is the set age at which people who hold certain jobs or offices are required by industry custom or by law to leave their employment, or retire.

Retirement spend-down

withdrawal rateRetirement spend downspending down savings
Although the 4% initial portfolio withdrawal rate described above can be used as a rough gauge, it is often desirable to use a retirement planning tool that accepts detailed input and can render a result that has more precision.
At retirement, individuals stop working and no longer get employment earnings, and enter a phase of their lives, where they rely on the assets they have accumulated, to supply money for their spending needs for the rest of their lives.

Social Security Administration

Social Security BoardCommissioner of Social SecuritySocial Security
The United States Social Security Administration (SSA) is an independent agency of the U.S. federal government that administers Social Security, a social insurance program consisting of retirement, disability, and survivors' benefits.

Downshifting (lifestyle)

downshiftingdownshifted
Work down-shifting may also be a key to considerable health benefits as well as a healthy retirement.

Simple living

voluntary simplicitysimple lifeminimalist
Reducing expenses may also lead to increasing savings, which can lead to financial independence and the possibility of early retirement.

Ageing

agingageoctogenarian
Retirement, a common transition faced by the elderly, may have both positive and negative consequences.

Life expectancy

lifespanlife spanlife expectancies
Previously, low life expectancy and the absence of pension arrangements meant that most workers continued to work until death.

Constitution

constitutionalconstitutionsconstitutional government
In many western countries, this is a right embodied in national constitutions.

18th century

18th18th-centuryEighteenth Century
Retirement, or the practice of leaving one's job or ceasing to work after reaching a certain age, has been around since around the 18th century.

19th century

nineteenth century19th19th-century
Countries began to adopt government policies on retirement during the late 19th century and the 20th century, beginning in Germany under Otto von Bismarck.

20th century

twentieth century20th20th centuries
Countries began to adopt government policies on retirement during the late 19th century and the 20th century, beginning in Germany under Otto von Bismarck.

German Empire

GermanyGermanImperial Germany
Countries began to adopt government policies on retirement during the late 19th century and the 20th century, beginning in Germany under Otto von Bismarck.

Otto von Bismarck

BismarckChancellor BismarckPrince Bismarck
Countries began to adopt government policies on retirement during the late 19th century and the 20th century, beginning in Germany under Otto von Bismarck.

OECD

Organisation for Economic Co-operation and DevelopmentOrganisation for European Economic Co-operationOrganisation for Economic Co-operation and Development (OECD)
The table below shows the variation in eligibility ages for public old-age benefits in the United States and many European countries, according to the OECD.

United States Armed Forces

United States militaryU.S. militaryUS military
Military members of the US Armed Forces may elect to retire after 20 years of active duty.

Medal of Honor

Medals of HonorCongressional Medal of HonorU.S. Medal of Honor
Members awarded the Medal of Honor qualify for a separate stipend.

United States National Guard

National GuardNational Guard of the United StatesU.S. National Guard
Retirement pay for military members in the reserve and US National Guard is based on a point system.

Earnings test (US)

Retirement Earnings TestSocial Security earnings test
Nevertheless, a large literature has found that individuals respond significantly to financial incentives relating to retirement (e.g., to discontinuities stemming from the Social Security earnings test or the tax system).

Financial crisis of 2007–08

financial crisis of 2007–2008global financial crisis2008 financial crisis
A great deal of attention has surrounded how the Financial crisis of 2007–2008 and subsequent Great Recession are affecting retirement decisions, with the conventional wisdom saying that fewer people will retire since their savings have been depleted; however recent research suggests that the opposite may happen.

Great Recession

late-2000s recessionrecessionlate 2000s recession
A great deal of attention has surrounded how the Financial crisis of 2007–2008 and subsequent Great Recession are affecting retirement decisions, with the conventional wisdom saying that fewer people will retire since their savings have been depleted; however recent research suggests that the opposite may happen.