Retirement Definition

Retirement is the stage in the life of a professional – often close to old age – in which he interrupts his professional career completely and, in most cases, begins to live on a monthly stipend known as a pension or retirement and that is granted either by the State, or by a private company hired by the individual, recognizing a percentage for each year of contributions that the professional has made as a worker.

This withdrawal period usually has a cause linked to the age of the professional. According to certain laws at the national level, it is usually considered that, after a certain age for men and a certain age for women, the individual is not in a position to continue his work as an employee and must, therefore, retire from the labor force. . By most of the unions and trade union organizations in the world, paid retirement is recognized as an inherent right of any worker.

In other cases, the withdrawal may occur prior to reaching the legally indicated age, and this frequently attends to reasons of physical and/or mental state that may impede the proper performance of the person as a worker.

But it may even happen that retirement is an option chosen by the individual, regardless of current labor regulations, either because they consider it appropriate for their physical and intellectual well-being, or because they have enough savings and finances to sustain their way of life. life for the rest of his years. A person can even opt for a semi-retirement, which allows them to keep a minor job, more by choice or by interest than by economic necessity.

Retirement in different parts of the world is considered a period in which the retiree or retiree can dedicate their days to rest, interact with peers, carry out leisure and recreation activities and, where appropriate, start new business or personal ventures of various kinds. .

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