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Meaning of “retirement” in the English Dictionary

"retirement" in British English

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retirementnoun [C or U]

uk   /rɪˈtaɪə.mənt/  us   /rɪˈtaɪr.mənt/
B2 the ​act of ​leavingyourjob and ​stoppingworking, usually because you are ​old: Many ​teachers over the ​age of 50 are taking early retirement. What is the ​normal retirement age in this ​country?
B2 the ​period in someone's ​life after they have ​stoppedworking because of having ​reached a ​particularage: We ​wish you a ​long and ​happy retirement.

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(Definition of retirement from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"retirement" in American English

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retirementnoun [C/U]

 us   /rɪˈtɑɪər·mənt/
the ​point at which someone ​stopsworking, esp. because of having ​reached a ​particularage or because of ​illhealth, or the ​period in someone’s ​life after the ​person has ​stoppedworking: [C] He ​announced his retirement in ​September.
(Definition of retirement from the Cambridge Academic Content Dictionary © Cambridge University Press)

"retirement" in Business English

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retirementnoun

uk   us   /rɪˈtaɪəmənt/
[C or U] WORKPLACE, HR the fact of ​leaving your ​job and ​stoppingworking, usually because you have ​reached a particular age: With retirement less than three ​years away, she began to worry about her ​personalfinances. More ​people are taking early retirement. The ​unionopposesraising the retirement age because of ​safetyconcerns. He announced his retirement in April in the face of ​mounting criticism. The ​stakeholderplan will ​allow 25% to be taken as ​tax-freecash on retirement.
[C or U] WORKPLACE, HR the ​period in someone's ​life after they have ​stoppedworking because they ​reached a particular age: We wish you a ​long and happy retirement His ​pensions and the ​money from the ​statemeant he had a comfortable retirement. Many younger ​workers are more ​focused on ​paying off ​debts or making their ​mortgagepayments than saving for (their) retirement.
[U] ACCOUNTING, FINANCE the ​act of ​paying back a ​debt completely: There will be a ​one-timecharge of $29 million, or 15¢ a ​share, from the early retirement of ​debt.
(Definition of retirement from the Cambridge Business English Dictionary © Cambridge University Press)
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“retirement” in Business English

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