Dear Seniors, What is the retirement age and what are all the formalities and employers liabilities. Pl advise on the same.
From Oman, Salalah
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3From Oman, Salalah
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Dear Nageswara Rao,
The retirement age would have been fixed in your standing orders, letter of appointment, or service regulations. There is no statutory fixation of retirement age other than the EPF Act, which sets 58 years of age for the payment of contributions. If the age of retirement has not yet been prescribed in your establishment, fix it for the workman category and others, and incorporate it accordingly in your standing orders or service regulations by making necessary amendments.
From India, Salem
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The retirement age would have been fixed in your standing orders, letter of appointment, or service regulations. There is no statutory fixation of retirement age other than the EPF Act, which sets 58 years of age for the payment of contributions. If the age of retirement has not yet been prescribed in your establishment, fix it for the workman category and others, and incorporate it accordingly in your standing orders or service regulations by making necessary amendments.
From India, Salem
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Sir, Otherthan Gratuity, Eligible bonus, EL balance amount any other benefits will he get.
From Oman, Salalah
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From Oman, Salalah
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