Subsection 2: Retirement.

Retirement means the possibility given to the employer to terminate the employment contract of an employee who has reached the age mentioned in 1° of article L. 351-8 of the Social Security Code , subject to the seventh to ninth paragraphs : A lower age may be set, within the limit of that provided for in the first paragraph of article L. 351-1 of the Social Security Code, if the…

As from 22 December 2006, no collective agreement or arrangement providing for the possibility of compulsory retirement of an employee at an age lower than that set out in 1° of article L. 351-8 of the Social Security Code may be signed or extended. Agreements concluded and extended prior to 22 December 2006, determining compensation in terms of employment or vocational training and setting an age lower than that mentioned…

An employer who decides to retire must give notice for a period determined in accordance with article L. 1234-1.

The retirement of an employee entitles him to a retirement indemnity at least equal to the redundancy indemnity provided for in article L. 1234-9. Each employee may receive only one severance or retirement payment. The indemnity is awarded on the first full settlement of the pension.

If the conditions for retirement are not met, the employer’s termination of the employment contract constitutes redundancy.