retire/rehire
n.— «The practice of allowing state employees to retire, collect a pension or realize some other lump sum benefit and then be rehired for the same job is not working as intended. The practice is called retire/rehire and it’s commonly thought of as “double dipping.”» —“Double dipping should be ended” Rapid City Journal (South Dakota) Oct. 20, 2008. (source: Double-Tongued Dictionary)
Further reading
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You know that Yogi Berra quote about how Nobody ever comes here; it’s too crowded? Actually, the first person to use this was actress Suzanne Ridgeway, who appeared in several movies with The Three Stooges. A new book shows that many well...