a the act of retiring from one's work, office, etc.
b (as modifier)
2 the period of being retired from work
she had many plans for her retirement
3 seclusion from the world; privacy
4 the act of going away or retreating
n a pension given to a person who has retired from regular employment, either one paid by the state or one arising from the person's former employment
n (in Britain) relief from capital-gains tax given to persons over 60 when disposing of business assets
English Collins Dictionary - English Definition & Thesaurus
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"Collins English Dictionary 5th Edition first published in 2000 © HarperCollins Publishers 1979, 1986, 1991, 1994, 1998, 2000 and Collins A-Z Thesaurus 1st edition first published in 1995 © HarperCollins Publishers 1995"