A persons withdrawal from active participation in a job or business is called:

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A person’s withdrawal from active participation in a job or business is called:

A	Social Security
B	Pension
C	Retirement

Explanation:

Detailed explanation-1: -Retirement refers to the time of life when one chooses to permanently leave the workforce behind. The traditional retirement age is 65 in the United States and most other developed countries, many of which have some kind of national pension or benefits system in place to supplement retirees’ incomes.

Detailed explanation-2: -The words “retire” and “retirement” derive from the French retirer, meaning to withdraw. The common definition of retirement today is to leave your job and stop working.

Detailed explanation-3: -The definition of retirement refers to that part of any person’s life when they choose to leave their work-life behind permanently.

Detailed explanation-4: -Retirement is a decision to leave the workforce permanently. Resignation is a decision to leave a specific job or employer. If you’re considering retirement, consider both your finances and your health. If you’re thinking the resignation route, be sure to factor in your career goals and job satisfaction.

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