Support for Every Individual: Employing Workers Post Retirement
We are entering an era in which people can expect to live up to 100 years and beyond. As such, the Panasonic Group is promoting measures to encourage each employee to map out their own career from an early stage, and to meet the diverse employment needs of older workers.
This page focuses on initiatives in the Japan region.
Promotion of self-determined career development
With more and more variety of employees’ views in awareness for work and life plans, the company supports employees in designing their lives. To help individual employees direct their own career development as early as possible, we are developing and promoting training seminars Groupwide as “Career and Life Design Seminars” at the right ages. In addition, there has been a renewal of the retirement benefits system in July 2013 to shift from the traditional defined benefit pension plans to defined contribution pension plans which have more portability. With the aid of the defined contribution pension plans, employees can build their assets through enhanced education on investment.
Securing employment opportunities for older workers
We have introduced the Next Stage Partner Program, a reemployment system to allow employees who wish to continue working after the mandatory retirement age of 60. This Program leverages and supports senior employees so that they can keep on working with the expertise, experience, and skills they have cultivated over the years. Moreover, the Next Stage Partner Program contains the social significance of responding to the growing number of older workers who wish to work. We also have endeavored to establish labor conditions for the need to aid employees financially until they begin receiving public pension benefits. In April 2021, we introduced a framework allowing employees to work beyond age 65. Some of our Group companies are going to raise the retirement age up to 65, starting April 2025, to accelerate building a better environment for active participation by employees regardless of their age.
Post-retirement support
We are also offering financial support for employees who are willing to leave Panasonic earlier and seek employment elsewhere, as well as support for those who wish to work elsewhere after reaching retirement age.
