Functionality : It enables you to update employee retirement age.
Accessibility : Admin Role Only
Process:
path: Configuration>>Account Option>>Companyunit /Location
Retirement age is set to 60. You can make the changes
PRECAUTION :
Conditions while calculating retirement age :
1) If the retirement age value is blank or 0, then the retirement date is not calculated.
2) While calculating the retirement date, it’s calculated on the last day of the month, so the retirement date is always the last day of the month.