(Pensionable Salary X Pensionable Service)/70 = (15,000x17)/70 = Rs 3,642. Individuals may get around Rs 3,642 as a pension for their service period of 17 years.
The Employee Pension Scheme (EPS) is designed to provide a guaranteed pension to employees after they retire. Both the ...
Are you about to complete 5 years of continuous service in your organisation? In case your organisation comes under the Payment of Gratuity Act, 1972, the following information is worth a read for you ...
The Employee Pension Scheme (EPS) is a pension scheme where employees receive a pension based on their years of service after the age of 58. Alternatively, you can take an early pension at 50 years of ...