Dear All, Can anybody please share their superannuation policy with me. Would request your earliest response on this. Please treat this very urgent. Thanks & regards, Rekha
From India, Delhi
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14From India, Delhi
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Thank you for your response. Actually, there are four employees in our organization who are reaching the retirement age, so management has asked me to design a policy/procedure on how the entire process should be organized, starting from informing the employee well in advance to their retirement day. If any of you have a policy on this, I would appreciate it if you could share it with me.
Based on my understanding, the following steps can be taken:
1. Sending a formal letter to the employee mentioning their retirement date.
2. Upon receiving the confirmation letter from the employee, accepting their formal retirement and informing them to clear their settlement (full and final) from the accounts department.
3. Sending a formal email to all relevant units regarding the employee's retirement and their contributions to the organization.
4. On the final day: providing all experience and salary certificates and completing the full and final settlement process.
5. Organizing a farewell party for the retiring employee.
The above are my own thoughts. If someone has a similar format or policy, I would highly appreciate it if you could share it with me.
I look forward to hearing back from all of you.
Thanks and regards,
Rekha
From India, Delhi
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Based on my understanding, the following steps can be taken:
1. Sending a formal letter to the employee mentioning their retirement date.
2. Upon receiving the confirmation letter from the employee, accepting their formal retirement and informing them to clear their settlement (full and final) from the accounts department.
3. Sending a formal email to all relevant units regarding the employee's retirement and their contributions to the organization.
4. On the final day: providing all experience and salary certificates and completing the full and final settlement process.
5. Organizing a farewell party for the retiring employee.
The above are my own thoughts. If someone has a similar format or policy, I would highly appreciate it if you could share it with me.
I look forward to hearing back from all of you.
Thanks and regards,
Rekha
From India, Delhi
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Hi Rekha,
Actually, what you are asking for is the Retirement Policy and not the Superannuation policy. There is a difference between the two. As per your post, I think the procedure you have mentioned is correct, but if your employer agrees, arrange for a SERVICE AWARD for the employee if his tenure with the company was more than 10 years.
Send a letter to the employee briefing his achievements and performance in the company, stating how much the company will miss him.
Cheers!!
Archna
From India, Delhi
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Actually, what you are asking for is the Retirement Policy and not the Superannuation policy. There is a difference between the two. As per your post, I think the procedure you have mentioned is correct, but if your employer agrees, arrange for a SERVICE AWARD for the employee if his tenure with the company was more than 10 years.
Send a letter to the employee briefing his achievements and performance in the company, stating how much the company will miss him.
Cheers!!
Archna
From India, Delhi
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Rekha, Archana is correct this is retirement policy & giving a award in a function will definitely add value. Thnx Avinash
From India, Mumbai
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From India, Mumbai
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Dear Ms. Archna,
Thank you for your reply. I would appreciate it if you could please tell me the difference between the two.
Yes, I want to focus on the retirement policy only. I would highly appreciate it if you could please share the policy related to this. Even if the procedure that I have mentioned is different from what your organization follows, I would be grateful if you could please share the same with me.
I would also like to request other members to assist me on this.
Thanks & regards,
Rekha
From India, Delhi
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Thank you for your reply. I would appreciate it if you could please tell me the difference between the two.
Yes, I want to focus on the retirement policy only. I would highly appreciate it if you could please share the policy related to this. Even if the procedure that I have mentioned is different from what your organization follows, I would be grateful if you could please share the same with me.
I would also like to request other members to assist me on this.
Thanks & regards,
Rekha
From India, Delhi
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