definition for retirement
7f4580e05d5b17bf31219151d538088d
Definitions &Translations retirement(noun) the state of being retired from one's business or occupation. retirement(noun) withdrawal from your position or occupation. retirement, retreat(noun) withdrawal for prayer and study and meditation. the religious retreat is a form of vacation activity.
a1dc349bf8811a739485e4fea9c27cb6
Old-Age Pension The old-age pension is a government initiative to help Canadians avoid poverty in retirement. It has changed from a strictly anti-poverty measure, that often humiliated the elderly, into an accepted, mainstream aspect of post-work life.t was available to pensioners in receipt of the Old Age Security Pension, but who had little or no other income. This supplement was applied for every year at tax-filing time and was free of any social stigma. For every $2 of income over and above the OAS pension, the supplement was reduced by $1.
0b2957426901e400fcead91ee979e395
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.
707366f6104fa58894ff88a551e5cdb0
- Federal Employee Retirement System - FERS. DEFINITION of 'Federal Employee Retirement System - FERS'. A system that became effective in 1987 and replaced the Civil Service Retirement System (CSRS) as the primary retirement plan for U.S. federal civilian employees.
2f400a7218f1903d546578e572ba80bc
- A defined benefit plan is a type of retirement plan that is offered by employers as a benefit to employees. This type of plan guarantees a specific retirement benefit for employees after a certain number of years of service. This plan is also referred to as a pension plan.
22a1b204a1b1cac8e7a540998cb9ee04
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.
e01f3a5d49dac3475bdf46ee82116d4c
Federal Employees Retirement System The Federal Employees Retirement System (FERS) is the retirement system for employees within the United States civil service. FERS became effective January 1, 1987 to replace the Civil Service Retirement System (CSRS) and to conform federal retirement plans in line with those in the private sector. Contents.
db5d8e797300a8b1835addb344e8387e
Federal courts Mandatory retirement. Mandatory retirement is the compulsory retirement of judges who have reached a specific age determined by a state's constitution. Thirty-three states and the District of Columbia have set mandatory retirement ages as of December 2015. In 2003, Vermont established the highest mandatory retirement age at 90 years old.
fcc91dc3012eb82d989e6be48ac5e36a
DEFINITION of 'Retirement Planning' Retirement planning is the process of determining retirement income goals and the actions and decisions necessary to achieve those goals. Retirement planning is the process of determining retirement income goals and the actions and decisions necessary to achieve those goals. Retirement planning includes identifying sources of income, estimating expenses, implementing a savings program and managing assets.
3ad50fbef781fda893340789b363353b
Retirement home Retirement home. A retirement home. A retirement home – sometimes called an old people's home or old age home, although this term can also refer to a nursing home – is a multi-residence housing facility intended for senior citizens. Typically, each person or couple in the home has an apartment-style room or suite of rooms.
13edd01a7fa4e4d1f017503b1e9a80de
Federal Employee Retirement Benefits Deferred Retirement. Refers to delayed payment of benefit until criteria are met, as follows: If you leave Federal service before you meet the age and service requirements for an immediate retirement benefit, you may be eligible for deferred retirement benefits. To be eligible, you must have completed at least 5 years of creditable civilian service.
976ef52b86a1a589389908b3842567db
pension pension definition. Payments made to a retired person either by the government or by a former employer.
9d8b8135b2918d5c1bce6a9cdd786414
Retirement Plans for Self-Employed People Defined benefit plans. Traditional pension plan with a stated annual benefit you will receive at retirement, usually based on salary and years of service. Benefit may also be defined based on a cash balance formula in a hypothetical individual account (a cash balance plan).
c589c6b02d3c4363489a51c41c2f9cb0
- By Susan Munroe. Definition: The basic Canadian Old Age Security (OAS) pension is a monthly payment to those 65 years old or older, who meet the residence requirements. You must apply for the Old Age Security pension.Employment history and retirement are not factors for the Old Age Security pension.y Susan Munroe. Definition: The basic Canadian Old Age Security (OAS) pension is a monthly payment to those 65 years old or older, who meet the residence requirements. You must apply for the Old Age Security pension.
d3e3e5ac6bfe47b46f5ad129ef318343
- pen·sion 1. (pĕn′shən) 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.
874ce710880154d7540b30cdb8ef42bd
- In some contexts, the retirement age is the age at which a person is expected or required to cease work and is usually the age at which they may be entitled to receive superannuation or other government benefits.
b1a0b70e53fd32943882662e4759e68b
- 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. Next Up.
8a21fe4666a4c507c85d2a1fcc290481
- 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.
0d67dc2bf38927c8d46b7362a34ae631
retirement the act of retiring, withdrawing, or leaving; the state of being retired. the act of retiring or of leaving one's job, career, or occupation permanently, usually because of age: I'm looking forward to my retirement from teaching.
40a83dff790346029d9f9d17af5fc25d
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
d39b4d714b976ab71f251d5db0ef3d4e
Retirement Strategies Retirement Strategies. Retirement information is one of the most important resources for any minister. While many denominations may endorse or provide some kind of retirement, most provide inadequate information regarding individual options or retirement planning.
afbabc36d1e825097bd80eee94e5ef92
- One of the most stubborn and difficult problems to get rid of in your home is a old musty smell. Musty odors can be caused by a number of things in your home, but, generally speaking, mold and mildew are the main culprits.The bad smell is caused by mold and mildew building up and releasing foul gasses.ou'll be left with just a fresh clean scent! 1  Pour distilled white vinegar in the washer with your musty clothes. 2  Pour in two cups of vinegar per load. 3  You can use a little more or a little less, depending on how large your load of laundry is and how bad the clothes smell.
eeb44f1d5007e238140864e38e2fb575
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. You can retire at any time between age 62 and full retirement age.
6a8257452eaa82da7de717c2060f499e
- By the middle of 2017 once the supply of the current license plates run out, PennDOT will begin distributing one with a similar but slightly different design that provides no indentations for vehicle registration stickers because those stickers will become a piece of Pennsylvania's history by then.
06a371bb57bf85a469e4e1d584f81a21
- The data on labor force participation can be used to. construct an average retirement age, defined as the. age at which the labor force participation rate drops. below 50 percent. Based on this definition, in 2013. the average retirement age was about 64 for men and. about 62 for women (see Figure 5 on the next page).
ad082ad11b97f4a92460d673b69edbbb
Retirement 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. Prior to the 18th century, the average life expectancy of people was between 26 and 40 years.