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1,972 bytes added ,  15:36, 20 March 2011
Created page with 'File:lighterstill.jpgright|frame ==Origin== French - action of withdrawing or falling back to somewhere, action of receding *[http://en.wi...'
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==Origin==
French - [[action]] of withdrawing or falling back to somewhere, [[action]] of receding
*[http://en.wikipedia.org/wiki/16th_century 1596]
==Definitions==
*1a : an [[act]] of retiring : the [[state]] of [[being]] retired
:b : withdrawal from one's position or occupation or from [[active]] working life
:c : the age at which one [[normally]] retires <reaches retirement in May>
*2: a place of seclusion or [[privacy]]
==Description==
'''Retirement''' is the point where a [[person]] stops employment completely. A [[person]] may also semi-retire by reducing work hours.

Many people [[choose]] to retire when they are eligible for [[private]] or [[public]] [http://en.wikipedia.org/wiki/Pension pension] benefits, although some are forced to retire when [[physical]] conditions don't allow the person to work any more (by illness or [[accident]]) or as a result of legislation concerning their position. In most countries, the [[idea]] of retirement is of recent [[origin]], being introduced during the 19th and 20th centuries. Previously, low life expectancy and the [[absence]] of pension arrangements meant that most workers continued to work until [[death]]. Germany was the first country to introduce retirement in the [http://en.wikipedia.org/wiki/19th_century 1880]s.

Nowadays most developed countries have [[systems]] to provide [http://en.wikipedia.org/wiki/Pension pensions] on retirement in old age, which may be sponsored by employers and/or the [[state]]. In many poorer countries, [[support]] for the old is still mainly provided through the [[family]]. Today, retirement with a pension is considered a right of the worker in many [[societies]], and hard [[ideological]], [[social]], [[cultural]] and [[political]] battles have been fought over whether this is a [[right]]. In many western countries this right is mentioned in national [[constitution]]s.

[[Category: Sociology]]