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Q & A |
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| Human
Resource Management |
| Q5: |
What
is the retirement age in Japan? |
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| A5: |
In
Japan private sector enterprises are under
no legal obligation to pay a retirement allowance
to their employees. There are in fact many
companies, especially small operations, with
no retirement allowance system in place. Nevertheless,
the retirement allowance is considered very
important as the capital that forms the foundation
upon which retirees plan their post-retirement
lives. It is a key aspect of the social welfare
policies of enterprises in Japan.
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| Q6: |
What
sort of retirement allowance is paid? |
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| A6: |
In Japan private sector
enterprises are under no legal obligation
to pay a retirement allowance to their employees.
There are in fact many companies, especially
small operations, with no retirement allowance
system in place. Nevertheless, the retirement
allowance is considered very important as
the capital that forms the foundation upon
which retirees plan their post-retirement
lives. It is a key aspect of the social welfare
policies of enterprises in Japan.
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