Release: September 6 , 2000
NGK INSULATORS, LTD. (President: Masaharu Shibata, Head Office: Nagoya, Japan) will implement a reemployment system in April 2001 for its rank-and-file employees who wish to work after the retirement age limit of 60 years old.
The 1994 pension reform raised the fixed portion granting age from 60 to 65 years old between 2001 and 2013. Furthermore, the 1999 pension reform raised the remuneration-based portion granting age from 60 to 65 between 2013 and 2025. The reemployment system is NGK's first step toward addressing progressive aging of Japanese society in which everybody works until 65. Eligible for this new system are the rank-and-file employees who will become 60 years old after April 2, 2001 and wish to continue working after the age limit. NGK will rehire its retirees until they become eligible to receive the fixed portion. In principle, their job contents and conditions will remain the same as before retirement in order for them to make maximum use of their skill and experience. We plan to expand and improve this system for the future.
|Date of Birth||Pension Granting Age||Maximum Age for Reemployment|
|4/2/1941 - 4/1/1943||61||61|
|4/2/1943 - 4/1/1945||62||62|
|4/2/1945 - 4/1/1947||63||63|
|4/2/1947 - 4/1/1949||64||64|