Our company gave full and final settlement to a senior employee (at age of 60) in 2015 and hired him again in mid 2017 (at age 62).
Because of pandemic it is not possible for us to employee him any more. We have some confusion on how to calculate the full and final settlement.
1. Should we treat this case as a "retirement" at age 65 wherein we don't have to pay him retrenchment?
2. Shoule we treat this case as a layoff and pay him retrenchment for the 2.5-3 years he has served in the 2nd inning?
Because of pandemic it is not possible for us to employee him any more. We have some confusion on how to calculate the full and final settlement.
1. Should we treat this case as a "retirement" at age 65 wherein we don't have to pay him retrenchment?
2. Shoule we treat this case as a layoff and pay him retrenchment for the 2.5-3 years he has served in the 2nd inning?