1. the act of leaving one’s job and ceasing to work, typically upon reaching a certain age
Usage: plural form of retirement
2. the act of going away or withdrawing from a place or situation
Usage: plural form of retirement; formal

Examples

• The company celebrated several retirements at the end of the year.
• Mass retirements in the teaching profession have created staffing shortages.
• Early retirements increased during the economic downturn.
• The hospital is planning for upcoming retirements among senior doctors.
• Forced retirements were announced due to budget cuts.
• The general ordered the retirements of troops from the forward positions.