IELTS Speaking Questions Retirement Retirement and Leisure Essential retirement vocabulary pension : A regular payment made by an employer to an employee after retirement retirement : The act of leaving one's job and ceasing to work leisure : Time when you are not working and can do what you want, such as relax or enjoy hobbies retiree : A person who has retired from work retirement planning : The process of preparing for retirement, including saving money and investing 401(k) : A retirement savings plan that is sponsored by an employer and allows employees to save and invest for retirement IRA : An individual retirement account that allows individuals to save for retirement on a tax-deferred basis Social Security : A government program that provides benefits to retired workers and their spouses What is the average retirement age in your country? The average retirement age in my country is 65 for men and 60 for women. What do people do