Please let me know how to extend the services of an employee after their retirement age of 58. Can this be done with the same terms and conditions as a regular employee, such as provisions for gratuity, PF, house rent, medical, etc.
Regards,
Gayatri
From India, Hyderabad
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4Regards,
Gayatri
From India, Hyderabad
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a) Obtain a request letter from the concerned employee requesting an extension of service.
b) Ensure the request letter is approved and accepted by the authorized person on behalf of the organization.
c) Issue a letter to the concerned employee confirming the acceptance and approval of their request, specifying the effective date of the extension.
Service terms and conditions will remain the same as it is an extension and not a renewal or re-joining.
Regards,
Kamal
From India, Pune
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b) Ensure the request letter is approved and accepted by the authorized person on behalf of the organization.
c) Issue a letter to the concerned employee confirming the acceptance and approval of their request, specifying the effective date of the extension.
Service terms and conditions will remain the same as it is an extension and not a renewal or re-joining.
Regards,
Kamal
From India, Pune
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Gayatri, Kamal said it rightly. Only the EPS portion of his PF will not be there after 58 yrs. Pon
From India, Lucknow
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From India, Lucknow
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Mr. Pon is right. After 58 years of age employee will start gettiing pension (if eligible) and employer contribution (12%) will go to the PF fund and not to the pension fund.
From India, Pune
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From India, Pune
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I would like to know why there is a limit on the retirement age for individuals who have put their heart and soul into the growth of the company. There should be a law in place where a person cannot be retired unless and until they choose to do so.
Regards,
Aakash Gupta
New Delhi
From India, Chandigarh
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Regards,
Aakash Gupta
New Delhi
From India, Chandigarh
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It applies in Pvt companies if his performance was good and his health was OK. But not in PSUs/Govt sectors where a cap is there. Pon
From India, Lucknow
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From India, Lucknow
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Dear All Absolute right as per pf is concern but also take care of Gratuity in which age of retirement mentioned. Regards P.S.Gill
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The age clause is not mentioned in the Gratuity Act 1972. The act is silent on this matter.
Retirement Age and Employment Contracts
The age at which an employee should retire (superannuation) depends on their employment contract (appointment/offer letter) and varies from organization to organization.
Regards,
Kamal
From India, Pune
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Retirement Age and Employment Contracts
The age at which an employee should retire (superannuation) depends on their employment contract (appointment/offer letter) and varies from organization to organization.
Regards,
Kamal
From India, Pune
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An employee in my organization has retired. His final settlement dues, including gratuity, have been settled. He was given a fresh appointment once again.
My question is whether he would be entitled to gratuity once again in this fresh appointment on completion of five years?
Regards,
S
From India, Chennai
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My question is whether he would be entitled to gratuity once again in this fresh appointment on completion of five years?
Regards,
S
From India, Chennai
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Eligibility for Gratuity for Contract Employees
Question: Are employees who receive a professional fee per month and are on a roll contract eligible for gratuity?
No, since they are receiving a professional fee and not a salary, they may not be eligible for gratuity.
Regards,
Alphonse
From India, Madras
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Question: Are employees who receive a professional fee per month and are on a roll contract eligible for gratuity?
No, since they are receiving a professional fee and not a salary, they may not be eligible for gratuity.
Regards,
Alphonse
From India, Madras
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One employee continues in service even after reaching retirement age. Let's say he retired on 31-3-2010. How do we calculate the gratuity payable? Do we pay:
- As per the pay and number of years of service as of 31-3-10, plus interest till the current date? (Please advise on the interest rate applicable, and any judgments, rules, or sections in favor of this choice.)
Or
- Based on the pay and number of years as of today? (This amount will be higher than the previous option.)
Regards and Happy Diwali to all.
From India, Jamnagar
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- As per the pay and number of years of service as of 31-3-10, plus interest till the current date? (Please advise on the interest rate applicable, and any judgments, rules, or sections in favor of this choice.)
Or
- Based on the pay and number of years as of today? (This amount will be higher than the previous option.)
Regards and Happy Diwali to all.
From India, Jamnagar
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Extension of retirement age of teachers in Maharashtra 25.2.2011.pdf
Employee Benefits.doc