Shambasiv
(n/a)
29 January 2008
The Shops Act does not prescribe aby age limit.
As a matter of fact, retirement policy differs from company to company. Especially in a private company, it depends on the management to decide the age for retiring employees. But in practice, normally, in formulating such policies, the management will split the retirement into two types, one policy for non management members and another for management / executive staffs. As usual, the age limit for the non management staffs will be after completion of 58 years. the age limit for the mgmt staffs will be 55 years. On such retirement, the management may decide to give extension of service to employees, that too on the requirement