As per the rules, voluntary retirement scheme should result in an overall reduction in the existing strength of employees and the vacancy cannot be filled up.
Various organizations offer "voluntary retirement schemes" (VRS) as part of their strategy to have turnover of employees.
[1][2][3][4] Indian culture has a traditional concept that retirement can include sannyasa, which is a phase of life for focusing on spiritual development.
[6] A 2001 report described high diversity in expectations of retirement across generations and urban versus rural life.
[7] A 2016 report described that when professional and highly trained women retire they are likely to join volunteer service to benefit the public.