1. #1
    Unregistered

    What is the age of retirement in companies? Are the same in Private and government jobs?

    I am doing a presentation on retirement procedure of the company. I want to know what is the age as per law for the retirement. Is it same for the private and government job or are they different? What are the procedure for retirement in the company? Can anybody help me in this case?

  2. #2
    mahi4mk Array
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    Re: What is the age of retirement in companies? Are the same in Private and government jobs?

    dear aspirants ,

    Retirement age not government and and private company.

    Private company have no retirement age limit depend your

    work.Government company retirement age 55 to 60 approx.

    Government company give you after retirement pension

    salary and privte does not provide this facility.Private many

    company give retirement age or not depend company policy.

    GOOD LUCK

  3. #3
    pathakg Array
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    Re: What is the age of retirement in companies? Are the same in Private and government jobs?

    Hi sir
    A member has superem power in private companies if he/she is mentaly and physicaly fit.
    -So long an employee is fit he can employ to company.
    - However, it is better if you set up age of super annuation common to all employees so that much question of antagonism can be avoided.
    -It can be 58 or 60.
    -it should be common to all.
    -There should not be any special status to companies's member and are likly same by other industry or establishment.
    -govt.also has the rule of retirement of 60 or 62 years for domestic job nor to civil forces like bsf,crpf,army.
    Best of luck to your future.
    @PathakDheeresh

  4. #4
    chand Array
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    Re: What is the age of retirement in companies? Are the same in Private and government jobs?

    There is the difference between Government and Private sector...If anybody is doing the job in Private sector so there is no limit for retirement you can do till whenever you want but in government sector there is limitation for work..the limit of age is 60 to 65..but it also depend on in which profession you are doing job means in teaching,or any other...

  5. #5
    Puru Thaman Array
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    Smile Re: What is the age of retirement in companies? Are the same in Private and government jobs?

    Hi,



    ::The Retirement Age Slightly Differs between Private & Government Concerns::


    ::The Private Organization Retirement age lies between 58-60::


    ::The Retirement age for Government Employee is now reduced to 56-58::


    ::In Private Concern only Final Settlement is provided by the Organization by Calculating his Services, PF etc,,::


    ::In Case of Government Firms with the Final Settlement, Pension will be Allotted for each Employee::




    ---Thanks---

  6. #6
    Chittaranjan Array
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    Re: What is the age of retirement in companies? Are the same in Private and government jobs?

    Usually the age of retirement in companies is 60 years' though it can vary company to company and may be extended as per need between the employ and employer.

    No private and govt job's retirement age and process thereon is fully different. All central governments employees retirement age is 58 years.again all psu bank employees retirement age is 60 years.there is no speciality or power re-extention of retirement age hapazardly.

    Thank you,

  7. #7
    guruthejus Array
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    Re: What is the age of retirement in companies? Are the same in Private and government jobs?

    Hi

    private jobs has no retirement limit. It is dependant every individual.
    Its your wish to retire at some age that you have specified in your mind.
    You may not be getting pension money in private jobs.

    While in government jobs it is in between 58-65 depending on the branch where your working.
    It is dependant on the department or some specified sector of the government.

    For example recently government has decided to extend the retirement age of teachers in educational
    sector to 65.so that they can carry their duties upto 65 years and then retire for getting the pension fund.
    These are not applicable if you make any voluntary retirement as per your wish.

  8. #8
    ajay Array
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    Re: What is the age of retirement in companies? Are the same in Private and government jobs?

    Hello friend,

    In private companies generally, most companies in India have the age of retirement as 60 yrs. It may be extended to 62 yrs depending on the employees performance.

    But Private companies has their own policies. The maximum companies have their retirement age at sixty.

    However, there may be exceptions as the level of work may define whether HR will be looking for aged people more or less.

    Specially, in the senior management category, private companies tend to focus at aged people, particularly the directors, CEO or CFO.

    Whereas in Government sector Retirement is fixed at 60 years of age in government companies

    Thank you!

  9. #9
    chowdary Array
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    Re: What is the age of retirement in companies? Are the same in Private and government jobs?

    hello aspirant

    The age retirement of government companies is 58 years

    In Private Companies there is no age limit

    If u are physically fit then u will be opt out of retirement

    In Private companies there is no case of retirement

    The job will be based on your mental and physical fitness

    So the retirement age of government companies is 58 years

    where as there is no such limit in private companies

  10. #10
    Ashok Array
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    Re: What is the age of retirement in companies? Are the same in Private and government jobs?

    [FONT=Times New Roman][/FONT] Dear Friend,
    [FONT=Times New Roman][/FONT] @ Theretirement age in companies depends upon the level of companies.

    @ If it isnational company,the retirement age is 60 years & if the company is ofstate level,the retirement age is 58 & 60 years depending upon the retiringage of the concerned state govt.employee.

    [FONT=Times New Roman][/FONT]
    Thanks.

    [FONT=Times New Roman][/FONT]

  11. #11
    prabhu Array
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    Cool Re: What is the age of retirement in companies? Are the same in Private and government jobs?

    Hi,



    Both private and public sectors fixed a age limit for Age retirement

    Govt sectors , the age limit is 58 . Earlier it was 60

    Age limit varies for private sectors

    In some companies age limit is 58

    In IT sectors , age limit is 55

    Free Pension schemes are applicable for Govt employees

    Private sectors doesn't offer Free pension schemes

    We can enroll for pension schemes in private sectors where

    Some amount is deducted in salary every month which will be given after retirement or if you leave the company




    Thanks !!!

  12. #12
    imman Array
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    Red face Re: What is the age of retirement in companies? Are the same in Private and government jobs?

    && HI &&



    && Govt. Vs Private &&


    &_& There is only a least retirement age difference between Government sector and private sector &_&

    &_&
    The age limit in Government sector is 58 &_&

    &_&
    Here where you will get pension after your retirement and will get some settlement too &_&

    &_&
    The age limit in private sector is around 58-60 &_&

    &_&
    Here there will be no more pension offers &_&

    &_&
    But you will get some huge final settlement and insurance settlements &_&




    && Thank you &&

  13. #13
    abbebo Array
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    Re: What is the age of retirement in companies? Are the same in Private and government jobs?

    Hi...The retirement age for private companies is abt 58-60 yrs but it may be extended depending on the requirement of the company...Like for seniormost posts they prefer older ppl....After retirement they dont provide any pension..

    In govt jobs the retirement age is 60 yrs and they provide pension afterwards...So it is bettr to do a govt job

    Best of luck for your presentation

  14. #14
    lakshmi dhana Array
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    Re: What is the age of retirement in companies? Are the same in Private and government jobs?

    The age of retirement for jobs in government sector is 58. . . As far as private sector is concerned there is no particular age of retirement. . . . . .a person can work in the company until he loses his mental and physical fitness . . .and is subjected to company rules and regulations. . . .hope you under stand

  15. #15
    sucraj Array
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    Re: What is the age of retirement in companies? Are the same in Private and government jobs?

    Hi,

    As per my knowledge government companies definitely give retirement to their employee at age of 58 to 60 approx.

    Retirement in private company is based on that particular companies.

    There are private company which give retirement and pension as well.

    So depends on private company and for government retirement is at age of 58.

  16. #16
    randhirk.rk Array
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    Re: What is the age of retirement in companies? Are the same in Private and government jobs?

    Retirement ages are different in different companies

    Be it private sector or even Govt sectors
    In some govt sectors companies retirement age is 58, in some it is 60 and in some it is 62
    It is different for banks employees, judges, teachers and lecturers

    In private sector many comapny follows the retirement age as 58 and some follow the retirement age as 60

    For your project yopu should make a list of 50 comaonies in pvt and govt a search the retirement age of these and than make a comaparitive study of that

  17. #17
    ritesh Array
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    Re: What is the age of retirement in companies? Are the same in Private and government jobs?

    Hi

    private jobs has no retirement limit. It is dependant every individual.Its your wish to retire at some age that you have specified in your mind.You may not be getting pension money in private jobs. are private company which give retirement and pension as well.So depends on private company and for government retirement is at age of 58.It is different for banks employees, judges, teachers and lecturers In private sector many comapny follows the retirement age as 58 and some follow the retirement age as 60 Free Pension schemes are applicable for Govt employees Private sectors doesn't offer Free pension schemes We can enroll for pension schemes in private sectors where Some amount is deducted in salary every month which will be given after retirement or if you leave the company







  18. #18
    sreedev Array
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    Re: What is the age of retirement in companies? Are the same in Private and government jobs?

    HELLO SIR........

    age of retirement for jobs in government sector is 58. As far as private sector is concerned there is no particular age of retirement.a person can work in the company until he loses his mental and physical fitness .and is subjected to company rules and regulations.In Private Companies there is no age limit

    If u are physically fit then u will be opt out of retirement

    In Private companies there is no case of retirement

    The job will be based on your mental and physical fitness

    So the retirement age of government companies is 58 years

    ALL THE BEST.......

  19. #19
    MAHABALI Array
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    Re: What is the age of retirement in companies? Are the same in Private and government jobs?

    HELLO SIR ............

    Private company have no retirement age limit depend yourwork.Government company retirement age 55 to 60 approx.
    Government company give you after retirement pension salary and privte does not provide this facility.Private many
    company give retirement age or not depend company policy.
    The retirement age for private companies is abt 58-60 yrs but it may be extended depending on the requirement of the company...Like for seniormost posts they prefer older ppl....After retirement they dont provide any pension..In govt jobs the retirement age is 60 yrs and they provide pension afterwards...So it is bettr to do a govt job
    Both private and public sectors fixed a age limit for Age retirement Govt sectors , the age limit is 58 . Earlier it was 60
    Age limit varies for private sectors In some companies age limit is 58
    In IT sectors , age limit is 55 Free Pension schemes are applicable for Govt employees

    ALL THE BEST .............

  20. #20
    looser Array
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    Re: What is the age of retirement in companies? Are the same in Private and government jobs?

    hi friend,

    ## Its good that you are giving presentation on the retirement procedure for the employees of government and private sector.

    ## There is a age limit for the government employees but for the private organizations or the private employees there will not be any age limit for retirement.

    ## Because most of the private organizations would let the employee serve their organization until he wishes to leave it.

    ## The age limit for the government employees is 65 years.

    ## Before this the age limit of the government employees was 60 years but on demand of the employees the age limit has moved up to 65 years.

    ## Some of the private companies would also follow the rules same as the government organizations which would make the employees to take retirement when they reach 60 years of age.

    ALL THE BEST

    THANKING YOU...


  21. #21
    Boss Array
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    Re: What is the age of retirement in companies? Are the same in Private and government jobs?

    There is the distinction between Government and personal sector...If anybody is doing the work privately sector thus there's no limit for retirement you'll be able to do until whenever you wish however in government sector there's limitation for work..the limit more matured is sixty to sixty five..but it additionally rely upon during which profession you're doing job means that in teaching,or the other...

    private jobs has no retirement limit. it's dependant each individual.
    Its your want to retire at some age that you simply have laid out in your mind.
    you'll not be obtaining pension cash privately jobs.

    whereas in government jobs it's in between 58-65 counting on the branch wherever your operating.
    it's contingent the department or some specified sector of the govt..

    as an example recently government has determined to increase the retirement age of academics in instructional
    sector to sixty five.so that they'll carry their duties upto sixty five years and so retire for obtaining the pension fund.
    These aren't applicable if you create any voluntary retirement as per your want.
    In private firms typically, most firms in Asian country have the age of retirement as sixty yrs. it's going to be extended to sixty two yrs counting on the workers performance.

    however non-public firms has their own policies. the most firms have their retirement age at sixty.
    However, there is also exceptions because the level of labor could outline whether or not 60 minutes are searching for aged folks a lot of or less.
    Specially, within the senior management class, non-public firms tend to focus at aged folks, significantly the administrators, CEO or CFO.
    Whereas in Government sector Retirement is mounted at sixty years more matured in government firms.
    private jobs has no retirement limit. it's Dependant each individual.Its your want to retire at some age that you simply have laid out in your mind.You may not be obtaining pension cash privately jobs.

  22. #22
    sreeshiv Array
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    Re: What is the age of retirement in companies? Are the same in Private and government jobs?

    hi......
    age not government and and private company.Private company have no retirement age limit depend yourwork.Government company retirement age 55 to 60 approx.Government company give you after retirement pension salary and privte does not provide this facility.Private many company give retirement age or not depend company policy.

    ok......

  23. #23
    ritesh Array
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    Re: What is the age of retirement in companies? Are the same in Private and government jobs?

    Hi sir
    A member has superem power in private companies if he/she is mentaly and physicaly fit.So long an employee is fit he can employ to company is a age limit for the government employees but for the private organizations or the private employees there will not be any age limit for retirement.Some of the private companies would also follow the rules same as the government organizations which would make the employees to take retirement when they reach 60 years of age.




  24. #24
    G.one Array
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    Re: What is the age of retirement in companies? Are the same in Private and government jobs?

    The retirement age in private and government jobs differs. The private companies are not abide by any statutory law for the fixed retirement age. It's depend upon the high authority of the oragnisation whether they have stated the retirement age or not in their policy. If any retirement age is mentioned, then the employee of that companies get retirement on that age but if no age is mentioned then the retirement depends upon the sole discretion of that employee. Whereas in government jobs there is fixed age stated in all their departments. The retirement age may differs from department to department. But it generally ranges from 55years to 65years. Even the age may change depending upon government notification.

  25. #25
    alok201 Array
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    Re: What is the age of retirement in companies? Are the same in Private and government jobs?

    Hello Aspirant,
    This question is very common in Corporate company, In govt. sector, it will be decide that 60 years is maximum range.

    private jobs has no retirement limit. it's dependant each individual.
    Its your want to retire at some age that you simply have laid out in your mind.
    you'll not be obtaining pension cash privately jobs.
    Be it private sector or even Govt sectors
    In some govt sectors companies retirement age is 58, in some it is 60 and in some it is 62
    It is different for banks employees, judges, teachers and lecturers

    Be prepare for it,,,
    thanking you! Best of luck

  26. #26
    Sandeep Yadav Array
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    Re: What is the age of retirement in companies? Are the same in Private and government jobs?

    No, there is no age decided to get retirement from the companies. As you like to do the work you can do continue work and when you want to get the retirement you can take. In some cases this also depend on the companies that after 60 years they will give you the retirement but in some cases they can also leave you if you donít do the well work or if your work performance is very low. It means in the private sector your overall performance is matter but in the government jobs you can take the retirement just after the 60 years.

  27. #27
    deepsikha03 Array
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    Re: What is the age of retirement in companies? Are the same in Private and government jobs?

    Hello,

    There is retirement in the govt. job and there is no retirement in private jobs.

    The retirement age in the govt job is in between 55-60 years.

    the average is taken as 58 years.

    Its not the same in case of private companies.

    They do not have an age limit for the retirement.

    It depends on the designation and position.

    Thank you

  28. #28
    Devi.career Array
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    Re: What is the age of retirement in companies? Are the same in Private and government jobs?

    Hello friend,
    the age limit in government job is around 60-62 years but now its increased to 64 years for PSU banks executives for teachers also its around 64 year.however there is no such age limit concept in private sector job .here the importance is given to your performance irrespective of your age. so you can work as long as you can if you are a good performer,so its found that many army officers or college lectures ,senior doctors start to join private job when their tenure ends in govt sector.

  29. #29
    Dark Knight Array
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    Re: What is the age of retirement in companies? Are the same in Private and government jobs?

    Hi ... Their is a age limit for the government , and their is no age limit for the private company's . the limit in the government sector is in between fifty five to sixty years , some of the private company's make the age limit is 55 . specially in IT Sectors . the pensions are applicable for the government employees , free pensions are available to them . but the Pension in the private sector is available but monthly some amount will be deducted in their monthly salary . the rules and regulations of the Government Sector is very much different than the Private Sectors . and the retirement plans in both the sectors differ . thank you..

  30. #30
    varshu Array
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    Re: What is the age of retirement in companies? Are the same in Private and government jobs?

    hello friends..

    @minimum age for retirement is 55 years only

    @it may vary from Govt to private

    @Government retirement age is 55 years

    @private is based on our interest only

    all the best

  31. #31
    saurav bharti Array
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    Re: What is the age of retirement in companies? Are the same in Private and government jobs?

    hello,
    depending upon private and public sector, retirement age is finalised
    in public sector , imean in govt sector retirement age is 58
    after this age you are given pension , but if you dont want to take pension then govt gives you lumsum someny.
    in private sector there is no common age specified.
    if you are working well in the age of 60 also then also no one can force you to get retired.

  32. #32
    snicker Array
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    Re: What is the age of retirement in companies? Are the same in Private and government jobs?

    In government companies, it is 55 years of age.

    in private companies, no such limit is there.

    they can do the job as long as they feel comfortable.

    generally private companies will not leave such experienced people.

    because they know many aspects.

    they have come across number of scenarios.

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