Dear All, Please tell me the Retirement Age in Private Sector in Maharashtra. Is there any authority who regulate the Retirement Age? Awaiting Your Response. With Regards, Vineet Deshmukh
From India, Yavatmal
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25From India, Yavatmal
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Dear Vineet, Normally it is 58 yrs or as mentioned in the appointment letter. There is no such (labour) Act which says about retirement age of employees in private sector.
From India, Mumbai
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From India, Mumbai
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Dear all after completion of age 58 year what will be the deduction amount & % in the PF contribution by ER ,EE. Regards Sarang
From India, Mumbai
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From India, Mumbai
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Dear Sarang,
After 58 years, the same 12% will be contributed by both the employee and the employer. However, all 24% will go to the EPF account.
The employer's contribution of 8.33%, which was previously allocated to EPS (Pension), will be discontinued, and the same amount will now be deposited into the EPF account.
Thank you.
From India, Mumbai
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After 58 years, the same 12% will be contributed by both the employee and the employer. However, all 24% will go to the EPF account.
The employer's contribution of 8.33%, which was previously allocated to EPS (Pension), will be discontinued, and the same amount will now be deposited into the EPF account.
Thank you.
From India, Mumbai
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Dear Vineet,
The retirement age is governed by one's own applicable service conditions followed by the employer. However, for the purpose of administration of PF/Gratuity/ESI, etc., respective Acts/Rules prescribe a certain maximum age as retirement/superannuation.
For better understanding, why don't you do some homework and try these links:
<link outdated-removed> (Search On Cite | Search On Google)
<link outdated-removed> (Search On Cite | Search On Google)
labour.nic.in - Cached - Similar
CONTRACT LABOUR ACT IN INDIA: AN APPRAISAL
Rgds,
Kumar.S.
From India, Bangalore
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The retirement age is governed by one's own applicable service conditions followed by the employer. However, for the purpose of administration of PF/Gratuity/ESI, etc., respective Acts/Rules prescribe a certain maximum age as retirement/superannuation.
For better understanding, why don't you do some homework and try these links:
<link outdated-removed> (Search On Cite | Search On Google)
<link outdated-removed> (Search On Cite | Search On Google)
labour.nic.in - Cached - Similar
CONTRACT LABOUR ACT IN INDIA: AN APPRAISAL
Rgds,
Kumar.S.
From India, Bangalore
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Please do not create more confusion related to the original question, i.e., age of retirement. The Age of Retirement (AOR) is as per the Model Standing Orders, Certified Standing Orders, or as the agreements between Management and Union. You are all requested to please go through the provisions under the standing orders. Be studious.
- Ulhas Chandratre
Sr. HR Professional, Pune
From India, Pune
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- Ulhas Chandratre
Sr. HR Professional, Pune
From India, Pune
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Hi,
The retirement age depends on your job sector. Is there any authority that regulates the retirement age? If you are above 60 years old, retirement is possible, but everyone needs to work. Your financial situation also impacts your retirement.
From India, Mumbai
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The retirement age depends on your job sector. Is there any authority that regulates the retirement age? If you are above 60 years old, retirement is possible, but everyone needs to work. Your financial situation also impacts your retirement.
From India, Mumbai
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PF Pension fund contribution beyond 58 years of age.pdf