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retire |
Also found in: Dictionary/thesaurus, Financial, Wikipedia | 0.03 sec. |
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retire v. 1) to stop working at one's occupation. 2) to pay off a promissory note, and thus "retire" the loan. 3) for a jury to go into the jury room to decide on a verdict after all evidence, argument and jury instructions have been completed. |
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The Departments of Defense and Veterans Affairs have worked out a compromise plan to pay about $500 million in back retirement pay to more than 100,000 military retirees who receive compensation for service-connected disabilities. Although 70% expect to work during their first 10 years of retirement, circumstances forced 40% of current retirees to become unemployed. JACKSON HOLE, WYOMING -- "If we have promised more than our economy has the ability to deliver to retirees, we must recalibrate our public programs so that pending retirees have time to adjust," Federal Reserve Chairman Alan Greenspan told a gathering of business leaders in this resort. |
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Retirees
