Let me appreciate your efforts in drafting the policy. As a trainee, you have done the job far better than expected. Any policy should cover as many details as possible. For instance, the age eligibility can be written as, "Employees who attain the age of 58 as per the date of birth recorded in the HR system." In India, we often see discrepancies in dates of birth, where the original date of birth differs from what is shown on the certificate. It would be helpful to clarify this.
"Aims" can be written as "Objectives."
Do you have any guidelines for early retirement? For example, if an employee reaches 56 years and wishes to retire, is there a process in place for this?
Could you create a quick FAQ section for this policy? When drafting FAQs, consider questions from the employees' perspective to ensure comprehensive coverage. Policies with FAQs are more accessible to employees.
Regarding benefits, it would be helpful to list the benefits that will not cease. If not, please mention that benefit entitlement details will be provided along with the retirement package email.
I appreciate the process workflow (Notification > Application > Assessment > Contractual Reappointment).
Could you provide more details on how compensation and benefits will be handled if an employee continues to work past the retirement age? Employees may have questions about this.
Good work.
Regards, Thiyagu