Japan's MUFG Bank to Abolish System of Uniform Pay Cuts, Extend Retirement Age from 60 to 65

The Yomiuri Shimbun
15:58 JST,
October 9, 2025
MUFG Bank Ltd. has decided to abolish the system of uniformly reducing employees’ salaries when they reach the age of 55 and extend the retirement age from 60 to 65, effective from fiscal 2027.
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