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Retirement benefits


Hondaes8
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Anybody knows of any company that has retirement benefits ?

 

I just spoken to a friend over lunch yesterday. His company offer retirement benefits in terms of monetary to all staff, who works for the company 5 years and above....

 

He is in pharmaceutical industry.

 

Eg, he join the company since 30 years old.

 

He work till 50 years.

 

1st 5 yrs not counted.

 

therfore, entitlement = 50- 30 -5 = 15 years

 

Retirement benefits = 15 years x $$

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