Retirement is meant to happen automatically by effluxion of time, once an employee reaches the agreed upon or normal retirement age. It brings an automatic end to an indefinite contract of employment and is not a dismissal or a resignation. This should be stated clearly in the employment contract.
‘Formal” or legal retirement does however not mean that the employee necessarily has to stop working (for the same or another employer). It is just the nature of the employment relationship that has to be stipulated very clearly to avoid challenges later on.
[Copyright - Judith Griessel]
Retirement - do's and don'ts for a smooth process
- 4 pages
- Retirement age
- Retirement policy
- Employment post-retirement - recommended approach
- Copyright - Judith Griessel - All rights are reserved. This licence is for one download and use. The document may not in any way be copied, distributed or disseminated.