1
Hello friend,
The benfits provided by organization which will be due at the time of retirment - for example Provident Fund, Superannuation and in case company has its pension scheme - can be considered as retiral benefit. While gratuity is applicable on completion of 5 years of service and is paid to employee when he/she leaves the organization - however this also can be considered as retiral benefit as this is paid when an employee retires from organization and not in between.
regards
nishikant
From United States, Greensboro
The benfits provided by organization which will be due at the time of retirment - for example Provident Fund, Superannuation and in case company has its pension scheme - can be considered as retiral benefit. While gratuity is applicable on completion of 5 years of service and is paid to employee when he/she leaves the organization - however this also can be considered as retiral benefit as this is paid when an employee retires from organization and not in between.
regards
nishikant
From United States, Greensboro
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Flexi Benefits Plan.doc