#2
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An employee governed by the pension scheme gets a recurring monthly payment termed as pension for life on reaching the age of superannuation or if he is retired earlier in accordance with the rules/ regulations/ orders on the subject. Gratuity is lump sum payment granted to the employee at the time of death/ retirement for the service rendered by him. Both Pension and Gratuity are determined with reference to the length of his service and pay drawn by him. To get full details about its rule you can see given below attachment:- |
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