retirement
Word family
Synonym discussion
Sense: noun/1
All four words describe leaving a job, but they differ in who initiates the decision and under what circumstances. Retirement is when someone chooses or is required to stop working due to age or length of service, often with a pension. Resignation is a personal, voluntary decision to leave a job at any age, typically by giving notice. Redundancy (favoured in British English) occurs when an employer eliminates a role because the position is no longer needed. A layoff (favoured in American English) happens when an employer temporarily or permanently dismisses workers, often due to financial reasons, not because of the worker's performance. For example: "After forty years at the factory, Tunde's retirement was celebrated by everyone." "She handed in her resignation because she found a better opportunity." "The company announced twenty redundancies after the merger." "The factory laid off 200 workers during the economic downturn."
Common collocations
Etymology
Retirement comes from the French verb retirer, meaning 'to draw back,' formed from re- ('back') and tirer ('to draw' or 'to pull'). It entered English in the 16th century with the general meaning of 'withdrawal' or 'retreat.' By the early 19th century, as formal pensions and fixed retirement ages became common during the Industrial Revolution, the word took on its modern sense of permanently leaving one's job.