Golden boot compensation, also known as the 'Golden Boot', is an inducement, using maximum incentives and financial benefits, for an older worker to take "voluntary" early retirement.
Famous quotes containing the words golden, boot and/or compensation:
“If you associate enough with older people who do enjoy their lives, who are not stored away in any golden ghettos, you will gain a sense of continuity and of the possibility for a full life.”
—Margaret Mead (1901–1978)
“The best quality tea must have creases like the leathern boot of Tartar horsemen, curl like the dewlap of a mighty bullock, unfold like a mist rising out of a ravine, gleam like a lake touched by a zephyr, and be wet and soft like a fine earth newly swept by rain.”
—Lu Yu (d. 804)
“... the compensation for a death sentence is knowledge of the exact hour when one is to die. A great luxury, but one that is well earned.”
—Vladimir Nabokov (1899–1977)