The Tokyo Metropolitan Government has decided to reduce retirement allowances for its officials from January, reflecting its severe financial situation, according to Tokyo government sources.
At present, people who have worked for the city government for more than 33 years are eligible to receive a retirement allowance equivalent to a maximum of 62.7 months of their salary. But under the new plan, retirees will receive 59.2 months of their salary after working for more than 35 years, the sources said.
National government workers who have worked for more than 35 years currently receive a maximum of 60.99 months of salary, but this will be reduced to 59.28 months from next October.
If the proposal goes ahead, it would be the first time for the maximum retirement allowance for Tokyo Metropolitan Government workers to fall significantly below that for national government workers.