Kyobo Life Insurance Confirms 286 Employees with Over 15 Years of Service for Special Voluntary Retirement

[Asia Economy Reporter Oh Hyung-gil] Kyobo Life Insurance announced on the 4th that 319 employees applied for the ongoing special retirement program targeting employees with more than 15 years of service, and after review by the evaluation committee, 286 employees who met the criteria were finally confirmed.

The application target is employees with more than 15 years of service, and a special retirement payment equivalent to 48 months of basic salary is provided. When including child scholarships and job transition support funds, up to 40 million KRW may be additionally provided depending on the position.

Kyobo Life Insurance also operates start-up and job transition support programs for those who wish. Among those confirmed for the ongoing special retirement, 200 applied for the start-up and job transition support program, and education and consulting programs will be provided for 3 months to 1 year through the Job Transition Support Center.

A Kyobo Life Insurance official said, "Through the ongoing special retirement program, we will expand retirement consolation payments and support systematic programs to help retirees plan their second life under better conditions."

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