Retirement at 58: What Do State Laws Really Say About This Common Practice?

Please shed some light on the subject relevant to state government laws. Since most firms include in employment letters the phrase "on attainment of 58 years of age, you will be retiring from services," clarification on this matter would be beneficial for all senior employees of the firm.

Attaining 58 years and completion of 58 years mean the same thing to my understanding. Anyways, for clarification, please put the clause as "when any person completes 58 years as per the official date of birth records, they will retire."

Our lawmakers are not so studious or careful when they draft legislation ambiguously. However, any age prescription is commonly understood based on the context. For retirement, it is typically the completion of 55, 58, or 60 years.

Regards, Vibhakar Ramtirthkar.

Retirement is determined by reaching the retirement age, not solely by completing the specified age unless stated otherwise. The Government of India and all government organizations adhere to this principle.

Regards,
KK

Understanding Retirement Policies

Retirement policies of banks, private corporations, and governments differ vastly. It can be at age 55, 58, or 60. When it is mentioned that upon attaining the age of 58, it clearly means that the person has completed the age of 58. The law is very clear. Perhaps the person who posted the query is not able to find the difference between completion and attaining.

On completion of 58 means the last day of the 58th year, i.e., one day before the date of birth.

As everyone has mentioned, the retirement age is typically 58. However, in the case of small companies, retirement may not be granted easily to employees who have been with the company for a long time due to the limited business scope and staff size.

Compliance Implications

Does this situation have any implications on compliance matters such as EPF and Gratuity? Please clarify...

Thank you.