New Delhi, Sept. 3 -- Retirement is a stage where individuals transition from active work life to a phase of financial and personal planning. While most people retire at a pre-determined age, some choose to leave work earlier through special schemes. One such option is the Voluntary Retirement Scheme (VRS). It allows employees to retire before the official retirement age while still receiving financial benefits. For many, this can become a part of well-structuredretirement plans to ensure a secure future.

Voluntary retirement refers to the decision made by employees to retire from their service before reaching the standard age of superannuation. It is often initiated by organisations offering an exit option to employees in exchange for c...