mandatory retirement

mandatory retirement UK US noun [U or C] (also compulsory retirement)
HR a situation in which you are forced to leave your job at a particular age, either because of a law or a company rule: »

The Senate voted to increase the mandatory retirement age of commercial airline pilots from 60 to 65.

Financial and business terms. 2012.

Look at other dictionaries:

  • Mandatory retirement — is the age at which persons who hold certain jobs or offices are required by industry custom or by law to leave their employment, or retire. Typically, mandatory retirement is justified by the argument that certain occupations are either too… …   Wikipedia

  • mandatory — man‧da‧to‧ry [ˈmændətri ǁ tɔːri] adjective LAW something that is mandatory must be done, usually because the law or an official rule says so; = COMPULSORY; OBLIGATORY: • They face mandatory retirement at age 65. • mandatory testing of car… …   Financial and business terms

  • retirement — Removal from circulation of stock or bonds that have been reacquired or redeemed. Bloomberg Financial Dictionary * * * retirement re‧tire‧ment [rɪˈtaɪəmənt ǁ ˈtaɪr ] noun 1. [uncountable] the act of leaving a job because you have reached the end… …   Financial and business terms

  • Retirement — For other uses, see Retirement (disambiguation). Finance Financial markets …   Wikipedia

  • mandatory — [[t]mæ̱ndətri ãm tɔːri[/t]] 1) ADJ If an action or procedure is mandatory, people have to do it, because it is a rule or a law. [FORMAL] ...the mandatory retirement age of 65... Attendance is mandatory. Syn: obligatory 2) ADJ If a crime carries a …   English dictionary

  • mandatory — / mændət(ə)ri/ adjective which everyone must obey ● Wearing a suit is mandatory for all managerial staff. ♦ mandatory meeting a meeting which all staff have to attend ▪▪▪ ‘…the wage talks are focusing on employment issues such as sharing of work… …   Dictionary of banking and finance

  • mandatory — I. adjective Date: 15th century 1. containing or constituting a command ; obligatory < the mandatory retirement age > 2. of, by, relating to, or holding a League of Nations mandate • mandatorily adverb II. noun …   New Collegiate Dictionary

  • mandatory — / mændət(ə)ri/ adjective required by law or stipulated in a contract ▪▪▪ ‘…the wage talks are focusing on employment issues such as sharing of work among employees and extension of employment beyond the mandatory retirement age of 60 years’… …   Marketing dictionary in english

  • Mandatory Provident Fund — (zh t|t=強制性公積金), often abbreviated as MPF (強積金), is a compulsory saving scheme for the retirement of residents in Hong Kong. Most of employees and their employers are required to contribute monthly to Mandatory Provident Fund Schemes provided by… …   Wikipedia

  • retirement — noun ADJECTIVE ▪ early, premature ▪ A knee injury forced him into premature retirement. ▪ active ▪ comfortable, happy, secure …   Collocations dictionary

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