Work in the private sector are often scheduled retirement at the end of 55 years old. What to treat employees to retire work:
1.Retirement work. Considered to be one of the conditions of dismissal of an employee of a company. Or is the end of the contract. So, what the company to practice are as follows:
1.1 regulations regarding the work of the company must enter that employees retirement when and resulted in the day such as "employees with the age of 55 years old. In any given day retire in 31 December of that year. "
1.2 benefits that employees will be is the compensation according to the labor protection. Section 118 which according to age the work of employees, such as work here 10 years. To get the compensation rate 300 was last day or month 10
But it is worth notice in advance, due to retirement. There are regulations, the end of the contract clearly. So don't have to pay for the notice in advance.