Retirement is the point where a person stops employment completely. A person may also semi-retire by reducing work hours.
An increasing number of individuals are choosing to put off this point of total retirement, by selecting to exist in the emerging state of Pre-tirement.
honorably retired from assigned duties and retaining your title along with the additional title `emeritus' as in `professor emeritus'; `retired from assigned duties' need not imply that one is inactive
synonymous: emeritus
not allowed to continue to bat or run
synonymous: out(p)
discharged as too old for use or work; especially with a pension