noun
early retirement program
A formal system or scheme offered by a company or organization that allows employees to retire before the standard retirement age, often with incentives.
会社は早期退職制度を導入し、希望者を募った。
The company introduced an early retirement program and solicited applicants.
早期退職制度に応募するかどうか迷っている。
I'm undecided about whether to apply for the early retirement program.
Compound of 早期 (early) + 退職 (retirement) + 制度 (system/program).