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When the Pope abdicates the the Chair (cathedra) of Peter before his natural death, the Emeritus Pope is said to be on permanent Vatication.

Vatication is like the ultimate staycation, since it is a vacation in the Vatican taken on a permanent basis by Emeritus Pope.
Emeritus Pope Benedict XVI starts his permanent Vatication on February 28, 2013, the day he abdicates the pontifical throne, doffs his signature red Prada loafers, and his papal ring is destroyed.
by Neologian-PJG February 27, 2013