Possible meanings of the expression 退職金返上


From what I understand, 退職金 can refer to severance pay or retirement (pension,
etc.).

If a company is in financial trouble and the members of the board are asked to
resign and "退職金返上", does this refer to severance, pension, or both?




退職金 is a flat amount of money you get when you retire as a thank you for your
years of service and dedication to the company. It is separate from pensions
and other sorts of remuneration and is basically just a hefty bonus. 年金 is the
word used to refer to the pension system and, as a public service that one
would have paid into over their lifetime, cannot be revoked (as far as I know,
anyway).

So if you're the director of a company and you've been there a long time, you
can expect a large sum upon your retirement. But if you commit some sort of
wrongdoing that brings shame to the company, especially in a public way, you
may be asked to leave and forfeit the 退職金. For example, I've heard of a school
principal not far away from retirement who got caught driving drunk or some
other such crime and faced immediate termination with revocation of 退職金.

In a way it's kind of the inverse of what we'd call severance, wherein you're
fired for some reason but are entitled to some amount of money. In the
Japanese system it's money you expect when you leave voluntarily but may be
revoked upon termination.




退職金 is a flat amount of money you get when you retire as a thank you for your
years of service and dedication to the company. It is separate from pensions
and other sorts of remuneration and is basically just a hefty bonus. 年金 is the
word used to refer to the pension system and, as a public service that one
would have paid into over their lifetime, cannot be revoked (as far as I know,
anyway).

So if you're the director of a company and you've been there a long time, you
can expect a large sum upon your retirement. But if you commit some sort of
wrongdoing that brings shame to the company, especially in a public way, you
may be asked to leave and forfeit the 退職金. For example, I've heard of a school
principal not far away from retirement who got caught driving drunk or some
other such crime and faced immediate termination with revocation of 退職金.

In a way it's kind of the inverse of what we'd call severance, wherein you're
fired for some reason but are entitled to some amount of money. In the
Japanese system it's money you expect when you leave voluntarily but may be
revoked upon termination.

