retiree

The committee called for “modest adjustments to the retirement age for future retirees to account for increases in life expectancy,” raising the retirement age to 69 from the current standard of 67 for new retirees.

A few retirees have been added as temporary help.

The federation, which is a nonprofit advocacy group, is an organization comprised mostly of retirees.

The retiree was surprised when she discovered the gift would not be honoured.

The problem is that defined pensions are a bit of a pyramid scheme: New workers need to constantly enter and contribute to support current retirees.