Voluntary Retirement Scheme (VRS) is an initiative that companies use to reduce their workforce by asking the employees to retire earlier. The normal retirement age in India is between 58 to 60 years. However, employees who have completed ten years of service or are above 40 years may retire by opting for VRS. Also, these employees should voluntarily agree to retire. Employees are protected under The Industrial Disputes Act, 1947, so they cannot be forced into retirement unless they want to.