As is the case in all organisations, Bank staff face a drop in income when they retire, because their monthly pension payment is unavoidably lower than their after tax salary at the time when they retire. As a result, many retirees desire to supplement their pension income, especially those who still have pressing commitments to support family members.
For this reason, the Bank encourages its retired staff to try and remain economically active if possible, through paid work or private business. Many retired staff has expertise and experience which can be of valuable use to society and can be used to generate income after retirement.