Dear Bhoodev,
Retention of an employee after attaining the age of superannuation mentioned in the contract of employment or service regulations of the establishment, is a matter of discretion of the employer or the necessity of the establishment. There are no legal restrictions in this regard except contribution to EPS.
The employer can extend the services of the employee after retirement only with his consent or reemploy him as a fixed term contract employee in any case of which he would be entitled to all the benefits of employment as the contract of service still subsists.
He can also be engaged as a consultant on retainer basis in which case the arrangement would be only that of a contract for service.
From India, Salem
6016Retention of an employee after attaining the age of superannuation mentioned in the contract of employment or service regulations of the establishment, is a matter of discretion of the employer or the necessity of the establishment. There are no legal restrictions in this regard except contribution to EPS.
The employer can extend the services of the employee after retirement only with his consent or reemploy him as a fixed term contract employee in any case of which he would be entitled to all the benefits of employment as the contract of service still subsists.
He can also be engaged as a consultant on retainer basis in which case the arrangement would be only that of a contract for service.
From India, Salem
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