Definitions

1. noun

a sum of money given to someone who has retired, usually after a long period of service, often as a way of showing appreciation

“The company awarded her an emerituti for her 30 years of dedicated service.”

2. noun

a title of honor conferred on someone after their retirement, especially a former judge or senior public official

“He was given the title of emerituti by the government after his retirement from the bench.”