Typically, exactly at the age the company forces you to. I believe it was 65 at my company.
A company pension is typically sufficient to sustain one to a reasonable middle class standard of living, historically, and you have the option of being hired by the same company as a contract employee while receiving it. There's some grumbling about that, as of late, but my sense of it is that the material situation of salarymen who came up in the 1970s right now is pretty decent, but one might not say that about e.g. retired men who were working in the factories as contract labor during the same time.
You can pick out the retired gentlemen on the train fairly easily. The outfit is usually a Western suit a few decades out of date. Tweed is popular.
Some take up hobbies and become/remain pillars in their community. (Former salarymen are rather common among e.g. active members of my parish. The words "I left the company and joined Catholicism" might have been mentioned once, to a bit of chuckling and some scandalized looks in the direction of the parish priest.)
Some have the troubles one generally associates with aging. That is particularly difficult for salarymen who don't have a personal social network (due to never marrying, divorce, estrangement from family due to being absent for 30 years, etc).
Do the perks keep going after retirement even for the non-CEOs?
It depends. I know one guy who is clearly on The Track, and regardless of whether he makes CEO or not, I expect that he expects to be taken care of indefinitely. I'm not sure if one can expect that if you're not one of the golden boys.
Typically, exactly at the age the company forces you to. I believe it was 65 at my company.
A company pension is typically sufficient to sustain one to a reasonable middle class standard of living, historically, and you have the option of being hired by the same company as a contract employee while receiving it. There's some grumbling about that, as of late, but my sense of it is that the material situation of salarymen who came up in the 1970s right now is pretty decent, but one might not say that about e.g. retired men who were working in the factories as contract labor during the same time.
You can pick out the retired gentlemen on the train fairly easily. The outfit is usually a Western suit a few decades out of date. Tweed is popular.
Some take up hobbies and become/remain pillars in their community. (Former salarymen are rather common among e.g. active members of my parish. The words "I left the company and joined Catholicism" might have been mentioned once, to a bit of chuckling and some scandalized looks in the direction of the parish priest.)
Some have the troubles one generally associates with aging. That is particularly difficult for salarymen who don't have a personal social network (due to never marrying, divorce, estrangement from family due to being absent for 30 years, etc).
Do the perks keep going after retirement even for the non-CEOs?
It depends. I know one guy who is clearly on The Track, and regardless of whether he makes CEO or not, I expect that he expects to be taken care of indefinitely. I'm not sure if one can expect that if you're not one of the golden boys.