Retire, Retirement – Definition
Retire 1. To repay a debt; extinguish a liability. 2. To terminate employment or service upon reaching the age of retirement. See also Debt; Liability."
Butterworths Concise Australian Legal Dictionary
From the Web:
- the state of being retired from one's business or occupation
- withdrawal from your position or occupation
- Retirement is the point where a person stops employment completely (or decides to leave the labor force if he or she is unemployed). . A person may also semi-retire by reducing work hours. ...