Tag: Retirement

A writ petition was filed by an employee of the Telangana State Road Transport Corporation (TSRTC), who was given premature retirement three years before...

In the private sector, it is not the age of the employee but how much value the individual is able to add to the...

On November 2, the Singapore government passed a bill to amend the Retirement and Re-employment Act, raising the retirement and re-employment ages to 65...

Tata Motors will issue performance shares to its employees and the staff of its subsidiaries as part of a long-term incentive scheme. These performance...

Vedanta, the diversified natural resources company, has announced that in case an employee or business partner loses his/her life to COVID, the surviving family...

HCM software group, UKG, has acquired EverythingBenefits to expand into the benefits technology sector. EverythingBenefits is a platform that connects employers to all information pertaining...

The salary of any Tata Steel employee who loses his or her life to COVID will continue to be paid to his or her...

Bhanumurthy BM, Wipro’s COO, will retire by June 2021 and UB Pravin Rao, Infosys’ COO will retire by December 2021. Having started his career in...

For the first time in the history of the Indian Railways, 2,320 employees who superannuated on July 31, were given a virtual send-off. Amidst...

On July 25, the state cabinet of Bihar decided to provide a job on compassionate grounds to any one dependent or family member of...

As part of the stimulus package, the Government had lowered the contributions of the employers and employees, towards the Employees’ Provident Fund (EPF) from...

Telecom operator BSNL has announced all employees above the age of 50 will be eligible for retirement and they will be giving out lumpsum...

The act of gifting is a gesture of appreciation and respect. It’s been a part and parcel of our cultural values for ages. This...

A survey by Aegon, the Dutch multinational insurance company, reveals that Indians are the most optimistic in terms of preparedness for life after retirement. The...

There is a saying ‘make hay while the sun shines’. The meaning of this proverb is that if there is a task that needs...

The Government wants utilise the talent pool of retired professionals to carry forward its flagship programmes.

As per the new provision of the NPS, the employees would be entitled to 26 months’ salary at the time of retirement or death during service

A mobile app will help retiring officials monitor the progress of their pension settlements.

She will be handing over charge to Dane Holmes, who is the global head of investor relations and global head of Pine Street.

HR Anexi was conceived to be a one-stop-solution for all HR requirements.

The CMD had taken charge in December 2015.

Jose Tomas will replace Quattrone.

The move is a part of its initiative Transform 2025+, which aims at cutting the workforce and improving productivity.

KPMG India CEO, Richard Rekhy’s decision to retire has been accepted by the board but he will continue to serve in the position till a successor is found.

In June, the government raised the retirement age of doctors to 65 years. Doctors anyway continue to practice till the last leg of their life but from government’s perspective, it wanted to retain the talent pool in Central Health Service. It’s a growing concern for the government as more than 28 per cent of the central government employees are above 50 years of age. This implies that not only the government will lose experienced high- level personnel but it will even entail unquantifiable costs as new recruits will require training and on-the-job skills.

If professionals such as doctors, lawyers and CAs, can continue to work for post 60, then why can’t other professionals be it an engineer, bureaucrat or a clerk do so. The official retirement age was fixed at a certain 58 years or 60 years because then the life expectancy was low. Now with better medical facilities, people above 60 are quite active and healthy. HRKatha tries to find a rationale.

The next decade or two may see retirees in India facing the challenge of inadequate incomes.

A research to determine employees’ readiness to retire found that a surprisingly large number of the respondents look forward to their lives after retirement. Countries, such as India, Brazil and China have shown relatively higher rates of retirement readiness than others.