Kawasaki Geological Engineering (4673) · InitiativeFirst stated

Transition of Severance Pay and Defined-Benefit Corporate Pension Systems to a Points-Based System

First written in FY2023-Q1. . Latest entry: FY2023-Q1.

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Introduce a point-based retirement benefit planA theme 14 companies write about · 1 as a headwind · 3 as a tailwind

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FY2023-Q1First statedAnnual report
「Effective 1 April 2023, the Company revised its retirement allowance regulations and defined-benefit corporate pension plan rules and transitioned both the retirement allowance plan and the defined-benefit corporate pension plan from a final-pay-based formula to a point-based system.」
Effective 1 April 2023, the retirement allowance plan and defined-benefit corporate pension plan were changed from a final-pay-based formula to a point-based system. The accounting impact of the transition is still being calculated.

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