Re: New Retirement age
A friend of mine started his career in a local company many years ago. In the employment letter it stated that he will be required to sign a yearly renewable contract when he reaches the retirement age of 50. But with the impending new Bill of employment to be passed by the Parliament where the retirement age will be extended to 60 years of age, if the Bill is passed by the Parliament, will my friend's retirement age considered 60 or still 50? Or will this new Bill override the terms and conditions of his appointment letter in terms of retirement age?