Changed retirement age from 58 years to 60 years. Whether Gratuity is payable for service upto 60 years?

Our Company has changed retirement age from 58 years to 60 years. Whether Gratuity is payable for service upto 60 years?

Yes.
The main condition is 5 years continuous service and not age of retirement/exit.

Hi
It is mandatory to pay gratuity till sixty years. An employee who completes five years continuous service is entitled for gratuity. In you case since the retirement age is changed to sixty years an employee attaining the age of sixty years is eligible for gratuity till his superannuation.
Regards
P.S.Lakshmanan
S. G. Management Services
(PAN INDIA Consultant – Labour Law Compliance,
PF, ESI, P Tax, Benefit Management &
POSH COMPLIANCE) - KOLKATA

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