Deed of Variation – Retirement Clause
This Deed of Variation – Retirement Clause will allow an employer to vary an employment contract which has a retirement clause requiring employees to retire at a certain age, usually 65.
This Deed of Variation – Retirement Clause has been drafted in accordance with the Employment Equality (Repeal of Retirement Age Provisions) Regulations 2011. From 6 April 2011, it will not be possible to retire employees once they reach the age of 65 unless their retirement can be objectively justified. Such a requirement is likely to be difficult for employers to objectively justify.
This deed of variation provides that employees may volunteer to retire at any time, as there is no normal retirement age in operation at the company.
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