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Retirement: What's the difference between retirement and retirement?
During retirement, the length of service is calculated continuously, and the living expenses are paid according to a certain proportion. When retired workers reach retirement age, they will go through retirement formalities and pay retirement fees according to relevant state regulations. According to the Regulations on the Resettlement of Surplus Employees of State-owned Enterprises (1993 the State Council DecreeNo.11), employees who are less than five years away from retirement age can quit their jobs and have a rest upon their own application and with the approval of enterprise leaders. During the employee's leave, the enterprise will pay his living expenses. Employees who meet the retirement conditions stipulated by the state during their retirement shall go through retirement procedures in accordance with the regulations. As can be seen from the above provisions, retirement (resignation) generally means that when employees are close to the normal retirement age (usually five years), they can't adhere to normal production work because of old age and infirmity, or they quit their jobs because of the diversion of surplus personnel by enterprises, and the enterprises pay a certain monthly living allowance. Retirement after leaving office is a measure to solve the problem of excessive surplus staff in enterprises at present, and retirement after leaving office has not lifted the labor relationship with enterprises; Retirement means that when employees reach the national legal retirement age, they go through retirement procedures according to regulations, enjoy basic pension benefits, and terminate labor relations with enterprises.