Golden Boot
An inducement, using maximum incentives and financial benefits, for an older worker to take "voluntary" early retirement. Investopedia Says:
A golden boot is usually offered by companies planning on downsizing or hiring new employees. The goal for these companies is to avoid potential lawsuits stemming from labor laws that protect employees from age discrimination. Related Terms:
401K Plan
403b Plan
Golden Parachute
Individual Retirement Account - IRA
Nest Egg
Pension Plan
Roth IRA |