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Golden Boot

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Dictionary Says

Definition of 'Golden Boot'

An inducement, using maximum incentives and financial benefits, for an older worker to take "voluntary" early retirement.
Investopedia Says

Investopedia explains 'Golden Boot'

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.

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