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What does semiretirement mean?

Looking for the meaning or definition of the word semiretirement? Here's what it means.

Noun
  1. A state of partial retirement, working only part-time or occasionally
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Examples
Since May 2007, he has entered semiretirement and serves as a director of companies.
Rudy Lingganay and Riel Cervantes, who were plucked out of semiretirement by the Sorento, each scored 14 points.
He's a former big-time lawman now in semiretirement as the sheriff of a sleepy Arizona town.
National compensation funds between local governments and public agencies, including those for part-time workers and semiretirement systems.
In 1957, tired of traveling on the concert circuit and beginning to experience insecurity about memorization, Reisenberg went into semiretirement.
The CTA is also used as a means of protecting credit held in semiretirement and long-term flextime accounts in the event of insolvency.

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