what retirement mean
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Definitions &Translations Retirement(noun) the act of retiring, or the state of being retired; withdrawal; seclusion; as, the retirement of an officer. Retirement(noun) a place of seclusion or privacy; a place to which one withdraws or retreats; a private abode.
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Benefits Planner: Retirement Retirement Planner: The Difference Between Retirement Age & Stop Work Age. Your retirement age is the age at which you begin receiving Social Security retirement benefits. Your stop work age is the age at which you leave the labor force and no longer work. It can affect the amount of your Social Security retirement benefits. Your retirement benefit is based on your highest 35 years of earnings and your age when you start receiving benefits.
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- Re: What Is Difference Between Resignation And Retirement? by Keneking: 1:37pm On Aug 26, 2014. write2obi: I was having a chat with my dad few days ago and he asked me the difference between resignation and retirement, i looked at him like WDF. Then i answered. Resignation: is when some one voluntarily leaves a job.
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Benefits Planner: Retirement Retirement Planner: Benefits By Year Of Birth. Full retirement age is the age at which a person may first become entitled to full or unreduced retirement benefits. No matter what your full retirement age (also called normal retirement age) is, you may start receiving benefits as early as age 62 or as late as age 70. If You Retire Early. You can retire at any time between age 62 and full retirement age. However, if you start benefits early, your benefits are reduced a fraction of a percent for each month before your full retirement age. The chart below lists age 62 reduction amounts and includes examples based on an estimated monthly benefit of $1000 at full retirement age.
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- Preservation rules at different ages. 1  If you have reached your preservation age, but are under 60 years of age, retirement means you have ceased work permanently.2  After you reach 60 years of age, you can access your preserved benefit when you cease employment. If you have reached your preservation age, but are under 60 years of age, retirement means you have ceased work permanently.
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retiring 1530s, of armies, to retreat, from Middle French retirer to withdraw (something), from re- back (see re-) + Old French tirer to draw (see tirade). Related: Retired; retiring.
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- Define pension. pension synonyms, pension pronunciation, pension translation, English dictionary definition of pension. n. A sum of money paid regularly as a retirement benefit or by way of patronage. tr.v. pen·sioned , pen·sion·ing , pen·sions 1. To grant a pension to. 2.
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classification A retirement annuity is a policy paid to the annuitant after retirement. If the annuitant dies prior to the expiration of the annuity or wants to surrender the policy, an amount specified in the terms of the annuity is returned to the annuitant's estate or designated beneficiary.
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- A pension is a fixed sum to be paid regularly to a person, typically following retirement from service. traditional pension plan that defines a benefit for an employee upon that employee's retirement is a defined benefit plan. In the U.S., corporate defined benefit plans, along with many other types of defined benefit plans, are governed by the Employee Retirement Income Security Act of 1974 (ERISA).
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Retirement community Retirement community. For NORC, see Naturally occurring retirement community. A retirement community is a housing complex designed for older adults who are generally able to care for themselves; however, assistance from home care agencies is allowed in some communities, and activities and socialization opportunities are often provided.
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Pensioner A pensioner is a person who collects a pension, most commonly because of retirement from the workforce. This is a term typically used in the United Kingdom (along with OAP), Ireland and Australia where someone of pensionable age may also be referred to as an 'old age pensioner'. In the United States, the term retiree is more common, and in New Zealand, the term superannuitant is commonly used.
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- A retirement plan in which a certain amount or percentage of money is set aside each year by a company for the benefit of the employee. There are restrictions as to when and how you can withdraw these funds without penalties.
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What is Successful Retirement for a Minister? That is, retired ministers are NOT infected with some disease called outdated or old age! Contrary to common belief, successful retirement has nothing to do with the medical or emotional treatment of individuals who have finally passed an age threshold.
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What is the Average Retirement Age? The average retirement age is defined as the average age at which individuals within a certain group or demographic retire from employment. This age is not a stable number that remains the same over generations. Instead, it changes, varying according to trends in employment, retirement, and life expectancy. For example, in the United States, the average age at which individuals retired in 1910 was 74 years old. In 2002, however, the age was 62.
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Retirement Benefits Service Retirement. Service retirement is a lifetime benefit. In most cases, the employee can retire as early as age 50 with five years of service credit. If the employee became a member on or after January 1, 2013, they must be at least 52 years old to retire.
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What is an 'Asset Retirement Obligation' BREAKING DOWN 'Asset Retirement Obligation'. An asset is considered retired when it is permanently taken out of service, such as through sale or disposal.Retirement obligations can be recognized either when the asset is placed in service or during its operating life at the point when its removal obligation is incurred.REAKING DOWN 'Asset Retirement Obligation'. An asset is considered retired when it is permanently taken out of service, such as through sale or disposal. Retirement obligations can be recognized either when the asset is placed in service or during its operating life at the point when its removal obligation is incurred.
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- Pension definition, a fixed amount, other than wages, paid at regular intervals to a person or to the person's surviving dependents in consideration of past services, age, merit, poverty, injury or loss sustained, etc.: a retirement pension. See more.
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What does 'full retirement age' mean in regards to Social Security? In the United States, the term full retirement age generally refers to the age you must reach to be eligible to receive full benefits from Social Security. Depending on when you were born, this age can vary. The Social Security Administration has been slowly increasing this age as life expectancies lengthen.
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Definitions &Translations Today, retirement with a pension is considered a right of the worker in many societies, and hard ideological, social, cultural and political battles have been fought over whether this is a right. In many western countries this right is mentioned in national constitutions.
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Retirement Early retirement can be at any age, but is generally before the age (or tenure) needed for eligibility for support and funds from government or employer-provided sources. Thus, early-retirees rely on their own savings and investments to be initially self-supporting, until they start receiving such external support.
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- Vesting means being eligible for lifetime pension and health benefit options when you are eligible to retire. Refunding of TRS contributions makes the service ineligible to count toward vesting unless the refund plus interest is repaid to the TRS.
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Pension Financial market participants. A pension 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. A pension may be a defined benefit plan where a fixed sum is paid regularly to a person, or a defined contribution plan under which a fixed sum is invested and then becomes available at retirement age. Pensions should not be confused with severance pay; the former is usually paid in regul
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Why Are Lawyers So Expensive? Iâll Tell You Why Examples of RETIREMENT. 1  She decided to take an early retirement. 2  Many fans were surprised by the champion's retirement. 3  The staff is smaller because of several retirements. 4  I'm looking forward to retirement. 5  He is ready for retirement.xamples of RETIREMENT. 1  She decided to take an early retirement. 2  Many fans were surprised by the champion's retirement. 3  The staff is smaller because of several retirements. 4  I'm looking forward to retirement. 5  He is ready for retirement.
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What Does Retirement Mean To You? Short post today as I’m home sick with a nasty bug. Since I find myself at home on a workday, it reminded me of a great post I read at Bible Money Matters just yesterday on the subject of retirement. It’s an interesting question for a couple reasons. “Retirement” means different things to different people, and that idea can change over time.
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DNA Aunt/Uncle Test True biologically related Aunt/Uncle and Nephew/Niece pairs are typically expected to have a kinship index value that is greater than 1.0 in their DNA Aunt/Uncle Test Report. Individuals who are not biologically related are expected to have a kinship index value that is less than 1.0.
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Retirement Speech When someone retires it is a very special occasion – the culmination of a career. It is often very difficult to know what exactly to say – particularly since retirement speeches are typically given at a party and shouldn’t be too long.hen someone retires it is a very special occasion – the culmination of a career. It is often very difficult to know what exactly to say – particularly since retirement speeches are typically given at a party and shouldn’t be too long.