Guidelines for the Administration of Gratuity Benefits

Guidelines for the Administration of Gratuity Benefits

GUIDELINES FOR THE ADMINISTRATION OF GRATUITY BENEFITS

Retirement benefits are any entitlements/rights/privileges that accrue to a worker/employee upon leaving the services of an employer for reason of having worked or provided service to the employer. Such benefits could be paid in either lump-sum, periodically or a combination of both. Further still, such arrangements could include multiple benefits and severance arrangements.

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