NH Nonghyup Bank Accepts Voluntary Retirement Applications for Employees in Their 40s with 10 Years of Service

NH Nonghyup Bank will accept applications for voluntary retirement for three days, from November 18 to November 21. The retirement will take effect at the end of this year.

Eligible applicants are general employees who are at least 40 years old and have worked for more than 10 years. They will receive a voluntary retirement severance package equivalent to 20 months of their average monthly salary at the time of retirement. For employees who are 56 years old this year (born in 1969), the severance package will be equivalent to 28 months of their average monthly salary at the time of retirement.

Other commercial banks are also expected to begin accepting applications for voluntary retirement by the end of the year.

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