KPMG and Ernst & Young have engaged in the long-standing and widespread practice of retiring partners as young as 58 years old in what legal experts have warned is a clear case of unlawful age discrimination.
The firms' partnership agreements, seen by The Australian Financial Review, include clauses that either mandate or "expect" partners to retire at 58 or 60 unless the CEO makes an exception.
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Edmund Tadros leads our coverage of the professional services sector. He is based in our Sydney newsroom. Connect with Edmund on Twitter. Email Edmund at edmundtadros@afr.com.au
