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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
He's a former big-time lawman now in semiretirement as the sheriff of a sleepy Arizona town.
In 1957, tired of traveling on the concert circuit and beginning to experience insecurity about memorization, Reisenberg went into semiretirement.
Since May 2007, he has entered semiretirement and serves as a director of companies.
Scully had gone into semiretirement, and looked nervous and worried.
The CTA is also used as a means of protecting credit held in semiretirement and long-term flextime accounts in the event of insolvency.
A FARMING couple taking semiretirement wanting to help new entrants into the industry have asked agents to find a young farmer to take on part of their farm.

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