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perfing

British  
/ ˈpɜːfiŋ /

noun

  1. the practice of taking early retirement, with financial compensation, from the police force

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Etymology

Origin of perfing

from P ( olice ) E ( arly ) R ( etirement ) F ( und )