AlphaBIZ - Voluntary retirees surge at banks

The number of voluntary retirees at banks is rapidly increasing.

According to the financial sector, more than 730 people expressed their intention to retire as a result of receiving applications for voluntary retirement from KB Kookmin Bank from December 28 last year to the 2nd of this month.

The final confirmed person will leave the bank as of the 18th, which means that if all applicants retire, the number will increase by more than 50 from 674 in January last year.

The targets for voluntary retirement were those born in 1967 to 1972 and 50 years old. Retirees receive 3.5 million won (up to eight semesters) per semester, up to 34 million won in reemployment subsidies, health check-ups for themselves and their spouses, and opportunities for re-employment (contract workers) after one year of retirement, as well as special severance pay (average monthly salary of 23∼35 months depending on the working period, etc.).