According to the Tripartite Guidelines on re-employment, wage adjustments should take into account:
- The value of the job.
- The employee's experience and competency
- The midpoint salary range of the job.
- Any seniority-based wage components.
- Any wage reductions made when the employee turned 60.
The salary range for an employee's current job is $1,500 to $2,500. An employee approaching retirement age is at the top of the salary range.
The employer can offer re-employment at the midpoint of the range, $2,000.
These principles can be adapted depending on the circumstances. Employers should consult with employees and unions (if applicable) to reach fair and mutually agreeable terms.