Pre-tirement explained

The neologism pre-tirement describes the emergence of a new working state, positioned between the traditional states of employment and retirement.

The word is a portmanteau word, coming from the prefix "pre" and the word "retirement." The state is being found primarily in first world economies, with aging populations. A "pre-tiree" will continue to create economic wealth and/or contribute to the generation of knowledge, likely on a part-time or reduced hours basis. Some "pre-tirees" use the period to give back by providing unpaid social support. This form of unpaid work creates economic benefit, by allowing taxes to be focused on other wealth creating or protecting activities but relies on the existence of sufficient financial resource.

Usage

• Used in a book title by Kris Miller (2012),^[1] though her usage describes planning for retirement, rather than an emerging state of employment.
• The ACAS website referred the important shift in retirement norms observed in the Zopa Report: "many people are choosing to ease into retirement in a 'phased or gradual process'.^[2]
• Use of the neologism in news publications peaked after the publication of the Zopa Report.^{[3] [4]}

Notes and References

1. Book: Ready for Pretirement: 3 Secrets for Safe Money and a Fabulous Future . 978-1614481256 . Miller . Kris . August 2012 . Morgan James .
2. Web site: Working hours and rest. Acas.
3. News: The Guardian . What is pre-tirement? A way for the over-50s to stagger (towards) retirement .
4. News: Daily Express . Gearing up for Pre-tirement the new trend for over 50's .