Baowu Group Kungang 202 1 Retirement Policy
In 2022, state-owned enterprises canceled the internal retreat policy. Employees who are less than 5 years away from the statutory retirement or have worked for more than 30 years can implement internal retirement after consultation with enterprises. During retirement, enterprises will pay monthly living expenses and social insurance premiums. The standard of living expenses shall be determined by the enterprise and retirees through consultation according to the contribution of the enterprise, but the minimum standard shall not be lower than the standard of living expenses of local laid-off workers in the first year, that is, 65438+ 0.20% of the local unemployment insurance standard.