ONAD→early retirement

early retirement

EnglishOxford New American Dictionary

early retirement /ˈərlē rəˈtī(ə)rmənt, , ˈərli rəˈtaɪ(ə)rmənt, rēˈtī(ə)rmənt, riˈtaɪ(ə)rmənt/

▸ noun the practice of leaving employment before the statutory age, especially on favorable financial terms:

some will be forced to take early retirement

[count noun] there is a surge of early retirements among demoralized staff.