1.
retirement allowance; severance pay
a lump sum payment made to employees when they leave a company, whether due to retirement or resignation
退職金 is the lump-sum payment employees receive when leaving a company, a significant part of Japanese employment compensation.
Writing
- 退職 (retirement, resignation)
- 金 (money)
Japanese employment context
- Traditional Japanese companies often have substantial 退職金 systems
- Amount typically increases with years of service
- Some companies now shifting to defined contribution plans
Common collocations
Related words
Related Words
Related:
年金 (pension)
Related:
定年退職 (mandatory retirement)
Related:
早期退職 (early retirement)
Compare:
慰労金 (consolation money)