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Definitions of retirement |
|
---|---|
Individual |
Retired? |
Full-time employee for a long period, stopped working in older age, now not working | Yes |
Full-time employee for a long period, stopped working in older age, now working part time at another job | ? |
Full-time employee for a long period, now working part time in older age for same employer | ? |
Self-employed business owner in older age, business now controlled by or sold to someone else | Yes |
Self-employed business owner not in older age, business now controlled by or sold to someone else | No |
Self-employed business owner in older age working reduced hours | ? |
Employee working at a series of short-term jobs, stopped working in older age | ? |
Person who never worked or whose last job was long ago, person now in older age | ? |