/rɪˈtaɪərmənt/ – Noun
Definition: 1. việc thôi, việc rút lui (khỏi một công ty);
2. việc nghỉ hưu, việc cho nghỉ hưu;
3. việc thu hồi, việc không cho lưu hành;
4. việc thanh toán hết, việc trả tiền hết (một hối phiếu).
A more thorough explanation: Retirement refers to the act of withdrawing from one’s occupation or business and ceasing to work, typically after reaching a certain age or meeting specific criteria, such as having worked a certain number of years. It often involves receiving pension or other benefits as a form of income in place of wages or salary.
Example: Upon reaching the age of 65, John decided to begin planning for his retirement by consulting with a financial advisor.