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Dear Seniors,
What is the retirement age and what are all the formalities and employers liabilities.
Pl advise on the same.
From Oman, Salalah
Dear Nageswara Rao,
The retirement age would have been fixed in your standing orders or letter of appointment or service regulations. No statutory fixation of retirement age other than the EPF Act which sets 58 years of age for payment of contributions. If the age of retirement has not yet been prescribed so far in your establishment fix it for workman category and others and incorporate it accordingly in your standing orders or service regulations by means of necessary amendments.
From India, Salem
Thank you for your advise Mr.Umakanthan.
From Oman, Salalah
Sir,
Otherthan Gratuity, Eligible bonus, EL balance amount any other benefits will he get.
From Oman, Salalah
No, Mr.Rao, an industrial employee, on his normal retirement on attaining the age of superannuation, will not get any terminal benefit other than what you've rightly mentioned from his employer.
From India, Salem
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