Voluntary retirement means the decision to stop working and leave your job willingly, usually because you have reached a certain age or want to enjoy your free time. Full definition
An employee can leave his / her service on various circumstances such as retirement / job change or being sacked or by the way of voluntary retirement. (policybazaar.com)
The budget's expense cuts, totaling $ 30 million, primarily come from the county workforce, including a recent voluntary retirement incentive that removed roughly 300 employees. (newsday.com)
Unions can lead on this and incentivize effective teachers to stay by linking voluntary retirement plan contributions to classroom performance. (teacherpensions.org)