What if the company forgets to retire a person at the age of 60 years, are there any risks..?.
From Japan, Urayasu
From Japan, Urayasu
517
What If the requirement of retirement is in the standing orders ? Violation will make a difference ? In PF payment, the entire payment has to be made to PF account and nothing to the EPF
From India, Mumbai
From India, Mumbai
Dear Verma,
In some states Shops and establishment Acts, the provisions of industrial standing orders Act and rules are read into whereby retirement age is prescribed at 58. Even it is crossed inadvetently yet the employee does not derive any right to continue. Pl refer to my replies on Retirement age-retirement policy in this web site.
From India, New Delhi
In some states Shops and establishment Acts, the provisions of industrial standing orders Act and rules are read into whereby retirement age is prescribed at 58. Even it is crossed inadvetently yet the employee does not derive any right to continue. Pl refer to my replies on Retirement age-retirement policy in this web site.
From India, New Delhi
If retirement age is mentioned in the certified standing orders, that will be final.The employee cannot be retired before that in the absence of any rule in contrary.If by any reason the employee continue in service beyond the retirement age in SO he should be paid his normal salary and other benefits with EPF(without pension fund after 58),ESI etc till you retires him and pay gratuity till the last day.
Varghese Mathew
From India, Thiruvananthapuram
Varghese Mathew
From India, Thiruvananthapuram
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Retirement Age Calculator 58 years.xls
Retirement Age Of Workmen Changed To Sixty Years.pdf