My company is thinking of forcing someone aged 65 yrs old into retirement and to have them rehired back as a consultant to save money. I did not think this was legal until I stumbled upon this google search:
Can I be forced into early retirement? Absolutely not. Employers may not force older workers to take early retirement, either; early retirement plans are only legal if the employee is offered a chance to stay on, keeping things as they are, or retiring early with under a plan that leaves the employee better off than before. In early retirement situations, the employee must also have a genuine choice to reject or take the offer, the early retirement offer must be in writing, the employee must have 21 days to decide, and seven additional days to revoke.
What is the true answer?