International Financial Services Centres Authority (Employees' Service) Regulations, 2020 Chapter II APPOINTMENTS, PROBATION AND TERMINATION OF SERVICE
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Superannuation and voluntary retirement govern employee separation, leave encashment, compensation, and service bonds under the employment framework. Employees retire at 60 years, while the Authority may retire employees after the specified age or service threshold on written notice. Employees may ... Summary
International Financial Services Centres Authority (Employees' Service) Regulations, 2020
Superannuation and voluntary retirement govern employee separation, leave encashment, compensation, and service bonds under the employment framework.
Employees retire at 60 years, while the Authority may retire employees after the specified age or service threshold on written notice. Employees may voluntarily retire after the prescribed age or service period, subject to appointment terms, and a voluntary retirement scheme may be offered to whole-time employees. Retirement may include compensation, leave utilisation or encashment for accumulated ordinary leave, and obligations under bonds for deputation, training, higher studies, or required service.
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