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golden boot

 - 2 dictionary results
Financial Dictionary

Golden Boot

An inducement, using maximum incentives and financial benefits, for an older worker to take "voluntary&quot 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

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Financial Dictionary

golden boot

A lucrative financial package offered an employee who is being involuntarily terminated.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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