retirementre·tire·ment /rɪˈtaɪəmənt-ˈtaɪr-/ noun1[uncountableU] the act of leaving a job because you have reached the end of your working life, or the period of your life after you do this290 employees are eligible totake early retirement (=leave before the usual age).
Mr. Baker turns 65 next month, the usualretirement age for the company’s employees.
You must make adequate provision for your retirement.
→ compulsory retirement2retirement income/benefits/pensionHUMAN RESOURCES money paid to someone after they have stopped work at the end of their working lifeIBM decided to give full retirement benefits to employees with 30 years of service, regardless of their age.
→ see also individual retirement account under account1 3[uncountableU]FINANCE the act of paying off a loan completely, usually before the normal timeretirement ofThe remaining £21 million will cover theretirement of debt.
→ debt retirement