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09/09/2011 10:58:02
Re: Employee > 60 years old

We have an employee currently 64 years old (working with us abt 10 years) & we gave him annual contract but now we wish to terminate / not renewed his contract. How can this be done profesionally & are we liable for termination benefits & golden handshake? Is there a market rate for golden handshake & any EPF?
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KL Siew
09/09/2011 10:46:06
You have to pay termination benefits based on 20 days salary for each year of service. Read up the Employment(Termination and Layoff Benefits)Regulations
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