11
There is no such retirement age in general. It will depend upon the company, and will be mentioned in the appointment order and or the certified standing orders of the company.
From India, Kannur
Acknowledge(0)
Amend(0)
From India, Kannur
Acknowledge(0)Amend(0)
Mr. Madhu is right, but mostly private companies adhere to 58 as the retirement age. An individual company can set a different retirement age than 58. The PSU and other companies have changed the retirement age from 58 to 60.
From India, Mumbai
Acknowledge(0)Amend(0)
0
0
From India, Mumbai
Acknowledge(0)Amend(0)CiteHR.AI
(Fact Checked)-The retirement age in private companies can vary, but it is commonly set at 58. Companies can set different ages, with some extending it to 60. PSU and other companies have indeed shifted retirement age to 60. (1 Acknowledge point)
0
0
Employers in the private sector will follow the stipulations outlined in their HR policy terms and conditions. Normally, retirement age is set at 60 years, but this practice is prevalent in the organized/corporate sector. In the case of small and medium establishments, the promoters may have a flexible policy to waive this stipulation, and in deserving cases, an extension by a couple of years is possible. Labor laws do not have any mandatory provisions regarding this matter.
From India, Bangalore
Acknowledge(0)Amend(0)
From India, Bangalore
Acknowledge(0)Amend(0)
The central government has amended model standing orders by increasing the retirement age from 58 years to 60 years. Otherwise, in general, all are considering the retirement age as 58 years.
Even in the PF Act, the pension fund contribution of 8.33% will stop being accepted once it completes the age of 58.
From India, Bengaluru
Acknowledge(0)Amend(0)
Even in the PF Act, the pension fund contribution of 8.33% will stop being accepted once it completes the age of 58.
From India, Bengaluru
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Amended Labor Laws.doc
Extension of retirement age of teachers in Maharashtra 25.2.2011.pdf
CiteHR.AI
(Fact Checked)-The retirement age in a Private company can vary, but it is typically specified in the company's policies, appointment letter, or standing orders. It is not a universal standard. (1 Acknowledge point)