Best Retirement Lawyers in Phnom Penh

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Husky and Partners Law Firm

Husky and Partners Law Firm

Phnom Penh, Cambodia

Founded in 2018
9 people in their team
Husky & Partners Law Firm is a full service professional advisory firm established by experienced lawyers who know well Cambodian emerging...
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Khmer

About Retirement Law in Phnom Penh, Cambodia:

The Kingdom of Cambodia lacks a comprehensive codified retirement law. Instead, aspects of retirement are covered under various pieces of legislation including the 1992 Labor Law, Social Security Law, and Civil Code. The retirement age in Cambodia is 60, although many people work past this age due to financial necessity. Additionally, a state pension system exists for civil servants, but it is not applicable for private sector workers. For expatriates living in Phnom Penh, their retirement-related matters are often managed by their home countries' laws or international agreements.

Why You May Need a Lawyer:

Understanding and navigating the ambiguity and complexities of Cambodian retirement laws can be challenging. A lawyer can help you to understand your legal rights and obligations related to retirement. They can also assist you in maximizing your retirement benefits. If you are an expatriate, legal advice can be crucial to integrate your home country's law with the local context in Phnom Penh for a smooth retirement transition.

Local Laws Overview:

The 1992 Labor Law governs several aspects of the employment relationship including working conditions, contracts, and disputes. It sets the retirement age at 60. However, it doesn't provide a clear framework on pensions for private sector employees. The Social Security law covers sickness, maternity, invalidity, survivorship, work injury, and offers limited guidelines on retirement. A lawyer can help interpret these laws in the context of one's personal retirement situation.

Frequently Asked Questions:

1. Who is eligible for the state pension in Cambodia?

As per the Cambodia's law, only civil servants are eligible for the state pension.

2. What is the retirement age in Cambodia?

The retirement age set by the 1992 Labor Law in Cambodia is 60.

3. Can I work after the age of 60 in Cambodia?

Yes, many people continue to work past the age of retirement often out of financial necessity.

4. What deductions are made from salary towards retirement in Cambodia?

In Cambodia, there is no solid law regarding deductions from salary towards retirement for private-sector employees. However, civil servants do contribute a portion of their income to claim pension benefits.

5. As an expatriate, can I retire in Phnom Penh?

Yes, expatriates can retire in Phnom Penh, but the legal and financial aspects of their retirement are usually governed by their originating country's laws or relevant international agreements.

Additional Resources:

Additional information can be sought from the Ministry of Social Affairs, Veterans, and Youth Rehabilitation, and the National Social Security Fund. Various law firms in Phnom Penh specialize in employment and retirement-related cases and can offer expert advice. For expatriates, their respective embassies or consulates in Phnom Penh may provide important resources and assistance.

Next Steps:

If you require legal assistance regarding retirement in Phnom Penh, it is advisable to consult a lawyer specializing in employment law, and more specifically, retirement law. You could reach out to local law firms, use online directories, or take recommendations from acquaintances.

Disclaimer:
The information provided on this page is intended for informational purposes only and should not be construed as legal advice. While we strive to present accurate and up-to-date information, we cannot guarantee the accuracy, completeness, or currentness of the content. Laws and regulations can change frequently, and interpretations of the law can vary. Therefore, you should consult with qualified legal professionals for specific advice tailored to your situation. We disclaim all liability for actions you take or fail to take based on any content on this page. If you find any information to be incorrect or outdated, please contact us, and we will make efforts to rectify it.