In India, the retirement age varies depending on the type of employment and the specific rules set by the employer or the governing authority. Generally, the retirement age for government employees is 60 years, while it may vary for employees in the private sector.
Once an employee reaches retirement age, they are typically required to retire from their regular employment. However, it is possible for an employee to continue working after retirement, subject to certain conditions. In such cases, the employee may be rehired on a contract basis or engaged as a consultant, depending on the employer's policies.
Regarding the provident fund (PF) contribution, the employer's obligation to contribute 12% of the employee's basic salary towards the PF generally continues even after retirement. However, there may be cases where the employer contribution is limited to 8.33% of the pensionable salary, subject to a maximum amount, as per the rules of the Employees' Pension Scheme (EPS). The remaining 3.67% may still be contributed to the Employee Provident Fund (EPF).
It is important to note that employment laws and regulations can be subject to updates and amendments, so it is advisable to consult the relevant authorities or seek legal advice for the most up-to-date and accurate information specific to your situation.