Dear Team HR,
Can you please confirm what the compliance needs are if an employee wants to continue working without retiring after the age of 60? How will EPF and other compliance aspects impact a 60+ employee?
Thank you.
From India, Gurgaon
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Can you please confirm what the compliance needs are if an employee wants to continue working without retiring after the age of 60? How will EPF and other compliance aspects impact a 60+ employee?
Thank you.
From India, Gurgaon
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Dear Rajkumar,
A number of posts with suitable answers for the queries on post-retirement employment and stoppage of contribution to EPF are already available on CiteHR. Therefore, you could have verified them before raising the query. Anyway, on attaining the age of superannuation as fixed in the contract of employment, every employee should be retired from service. Under certain special circumstances, such as a shortage of required manpower, the services of such employees can be extended for a certain period or the individual's services may be retained on a retainer basis. This decision is dependent on the requirements of any special situation, the discretion of the employer, and the willingness of the employee. Normally, retaining the services of retired employees can have a negative impact on the morale of juniors due for promotion and can indicate favoritism.
Regarding EPF, one cannot continue as a member of the Fund upon reaching the age of 58.
Thank you.
From India, Salem
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6108A number of posts with suitable answers for the queries on post-retirement employment and stoppage of contribution to EPF are already available on CiteHR. Therefore, you could have verified them before raising the query. Anyway, on attaining the age of superannuation as fixed in the contract of employment, every employee should be retired from service. Under certain special circumstances, such as a shortage of required manpower, the services of such employees can be extended for a certain period or the individual's services may be retained on a retainer basis. This decision is dependent on the requirements of any special situation, the discretion of the employer, and the willingness of the employee. Normally, retaining the services of retired employees can have a negative impact on the morale of juniors due for promotion and can indicate favoritism.
Regarding EPF, one cannot continue as a member of the Fund upon reaching the age of 58.
Thank you.
From India, Salem
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