Golden Boot
An inducement, using maximum incentives and financial benefits, for an older worker to take "voluntary" early retirement.
Investopedia Commentary
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 Links
Introductory Tour through Retirement Plans
See also: 401K Plan, 403b Plan, Golden Parachute, Individual Retirement Account - IRA, Nest Egg, Pension Plan, Roth IRA
golden boot