Hi everybody,
I work for an organization which comes under factory act.
The age of retirement for people upto certain executive grade is 55. Where as staff belonging to senior level is 58 Yrs. Interestingly for other units across India the age of retirement is 58 Yrs for all category of staff.
Interestingly the company retires employees at 55, where as the pension starts after the employee reaches 58 years of age. More over they make you accept that it is not retirement but 'superanuation'- Which literally means 'incapable of working due to old age.
Please advise whether it is legal to retire at the age of 55.
The staff welfare committe has already challanged the decision in the court of law. The matter is subjudice.
I'll appreciate if some input on the subject is given.
Thanks,
P.Roy
I work for an organization which comes under factory act.
The age of retirement for people upto certain executive grade is 55. Where as staff belonging to senior level is 58 Yrs. Interestingly for other units across India the age of retirement is 58 Yrs for all category of staff.
Interestingly the company retires employees at 55, where as the pension starts after the employee reaches 58 years of age. More over they make you accept that it is not retirement but 'superanuation'- Which literally means 'incapable of working due to old age.
Please advise whether it is legal to retire at the age of 55.
The staff welfare committe has already challanged the decision in the court of law. The matter is subjudice.
I'll appreciate if some input on the subject is given.
Thanks,
P.Roy