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retirement Benefits

OW SIEW FOONG
Member
Thu, 30 Jun 2011 10:50:06 AM  (Last updated: Fri, 01 Jul 2011 08:51:51 AM)

Hi

Mr.kl siew
Your advice is ready appreciated.

One of our employee is going to reach the age retirement (55).
His only started to work on 1/10/08 until now (approximately  2 year + 10 months only until his retire age)

Does the company have to calculate retirement benefits for him.
What the rate and amounts should gave him? What means in Under section 60J(e) for the payment of different rates or amounts of termination benefits, lay-off benefits, or retirement benefits, as the case may be, to different classes, categories or descriptions of employees.

Thanks  in advance your advice.

Best Regards

Jane

KL Siew
Administrator
Fri, 01 Jul 2011 08:51:51 AM

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