To protect employees’ livelihood after retirement, retirements arrangements are established based on Labor Standards Act. EOI contributes supervisory committee of labor retirement reserve. Monthly retirement pensions are appropriated and deposited into a special bank account. The conduction of retirement is according to regulations.
A employee may apply for voluntary retirement under any of the following conditions:(according to Labor Standards Act)
-The employee who attains the age of fifty-five and has worked for fifteen years.
-The employee who has worked for more than twenty-five years.
-The employee who attains the age of sixty and has worked for ten years.
|Application Process||The application process of retirement is according to EOI's regulation of employee's retirement.|