The Ministry of Labour, Social Security and Third Sector is reminding the public that there is no legislation, which standardises the age of retirement for persons employed in the private sector.
The contract of employment, whether oral or written, and established workplace policies are to be relied on to give direction on the age of retirement in individual organisations within the private sector.
The public is further advised that a person’s old-age contributory NIS (National Insurance Scheme) pension, at pensionable age, is not tied to retirement. The NIS pensionable age is currently set at 67 years.
