Curious About Retirement Age in IT? Let's Discuss What It Means for the Private Sector

Hi,

Can anyone tell me what the retirement age is in the private sector, especially in the IT industry?

Thanks & Regards,
Gladys

Hi! Our company is a Pvt Ltd Company, and I would like the retirement age to be 55 years. How do I do that? Also, please let me know if, since we have more than 100 employees, we need to get a standing order done and get the same approved by the Labour Commissioner.

Regards,
Sudhanshu
Email: sudhanshuroy@gmail.com

There are no hard rules to restrict the age of superannuation in private companies. So long as an employee is fit, you can employ him. However, it is better if you fix the age of superannuation common to all employees so that much question of antagonism can be avoided. It can be 58, 60, or even 70, but it should be common to all. There cannot be any special status for IT companies; they are like any other industry or establishment. All matters that are required to be implemented on the grounds of natural justice should also be implemented by IT firms. Any establishment that employs 100 or more employees shall frame and get certified by an officer not below the rank of Assistant Labour Commissioner the Standing Orders following the Industrial Employment Standing Orders Act, 1946.

Regards,

Madhu.T.K

Dear Mr. Madhu,

Thank you very much for the answers. I would also like to know if there is any standard format for the Standing Orders or what are the contents of the same. Would be thankful if you can share some formats with me.

Regards,
Sudhanshu
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You can find some good postings made by our CiteHR friends on standing orders. I have come across some drafts as well. Please try to get it from CiteHR itself, and if not found, please get back to me; I shall send it.

Regards,
Madhu T.K

Hi,

Can anyone tell what is the retirement age in the private sector as per law? Should it follow its own management policy or the government rule for the age of retirement of employees?

Regards,
Prakash

I wish to know if there are any implications if we do not adhere to the age criteria in an organization or if it is mandatory to frame a policy on age limits. Also, please let me know what we should do in this situation. Mine is a Pvt Ltd. company employing around 400 employees. We do not have a specified policy or clause in the appointment letter that specifies the retirement age. Is it mandatory to have one? If yes, can anyone suggest what we should do about this?

Thanks,
Manvinder
[Phone Number Removed For Privacy Reasons]

Please refer to the link below for the information you requested: https://www.citehr.com/192074-retire...-pf-rules.html.

Regards,
Gaurav K.