The Minimum Retirement Age Bill was tabled in Parliament yesterday. The new Bill also supersedes any previous retirement age agreed to between employers and employees if passed into law.
Section 7 of the Bill states that 'Any retirement age in the contract of service or collective agreement made before, on or after the date of coming into operation of this Act which is less than the minimum retirement age provided...shall be deemed void and substituted with the minimum retirement age provided under this Act'.
However, the Bill allows for an employee to opt for an early retirement if such a clause exists in the employment contract.
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