retirement Definition in Cambridge British English Dictionary
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Definition of "retirement" - British English Dictionary

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retirementnoun [C or U]

uk   /rɪˈtaɪə.mənt/  us   /-ˈtaɪr-/
B2 the act of leaving your job and stopping working, 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 stopped working because of having reached a particular age: We wish you a long and happy retirement.
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(Definition of retirement from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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