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

• Organic Act of the Department of Labor
• Organic Growth
• Organization for Economic Cooperation and Development (OECD)
• Organization for Economic Cooperation and Development (OECD)
• Organization of Petroleum Exporting Countries (OPEC)
• Organization of Petroleum Exporting Countries (OPEC)
• Organized Labor
• Original Cost
• Original Equipment Manufacturer (OEM)
• Original Equipment Manufacturer (OEM)
• Original Face
• Original Issue Discount (OID)
• Original Issue Discount (OID)
• Origination
• Origination Points
• Oscillator
• Ostrich
• OTC Options
• Other Current Assets
• Other Current Liabilities
• Other Long-Term Liabilities
• Other Post-Retirement Benefits
• Outlay Cost
• Out-Of-Pocket Expenses
• Out Of The Money (OTM)