English

An entrepreneur doesn’t have to retire at 67 years old

Termination of the employment relationship by force of law does not refer to entrepreneur, that is, to the employee who is owner or founder of the majority share in a company and other persons established by special law, said Minister of Labor and Social Welfare, Mr Kemal Purišić.

In a plea on the initiative by means of which Mr Risto Lekić requested that Constitutional Court should abolish provision of the Article 164 paragraph 1 of the Law on Labor, Minister explained that, in line with the previous law, employment relationship terminated for persons who were 67 years old and had 15 years of insurance period, which is not the case now.

“In accordance with the provision of the Article 164  paragraph I, the Law stipulates that employment relationship terminates by force of law when an employee is 67 and has at least 15 years of insurance, on the day an employee is delivered final decision. Paragraph of of this article states that these rules do not apply to en entrepreneur, person who is founder or owner of the majority shares in a company”, Mr Purišić said.

The Government has proposed to the Constitutional Court to reject the initiative.

 

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