die Altersteilzeit
Translation
partial retirement, phased retirement, semi-retirement
Examples
Er hat sich für die Altersteilzeit entschieden.
He has opted for partial retirement.
Die Firma bietet Altersteilzeit an.
The company offers a partial retirement plan.
Grammar Patterns
to go into partial retirement in Altersteilzeit gehen My colleague will soon go into partial retirement.
to apply for partial retirement Altersteilzeit beantragen She wants to apply for partial retirement.
Similar Words
Synonyms: Vorruhestand (early retirement), gleitende Rente (flexible pension)
Etymology
From 'Alter' (age) + 's' + 'Teil' (part) + 'Zeit' (time). It literally means 'age part-time'.
Memory Tips
Think of it as working 'part-time' (Teilzeit) as you approach old 'age' (Alter).