Can I take on a new employee who is over 60 years old and add them to the payroll? Would there be any liabilities for the company if their salary is above 35K per month?
Why don't you just take him as a consultant and pay him his consultancy fees? That way, there will be no liability. Even if you hire him on a full-time basis, there will be no liability except for payroll taxes, I think.
What is the retirement age in your company? If you hire him as an "employee," it will create a precedent affecting the company's retirement policy. However, you can avail of his services for a specific period on a contract basis with separate terms and conditions.
Taking on a consultant or retaining them is the best option to avoid problems. Also, please ensure to check the fitness of the employee for future references.
Regards,
Vamsi Krishna
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