Calclation of Superannuation scheme with LIC - basic salary
CiteHRCiteHR
 
HOME RISE NEW TEAM →|

sada sivan pillai Started The Discussion:

I am working with a Private organization since the last 19 years. I am a member of Group Superannauation scheme with LIC. Every year our organization contribute 15% of our basic salary to this fund. Please provide me what is the caluclation of pension under this scheme. I think 33.5% of the amount can be withdrawn at the time of retirement/left the service and from the balance amount LIC shall be provided pension.

0fe8d0cb2bf8ffed7a966bacc -  Member Since: Jan 2010
there are multiple option one is 1/3 immeiate and 2/3 for the pension




 
 
 
 





POSTING RULES OF CONDUCT
  • Do not post anything derogatory about any company or person.
  • Sharing articles from other websites should be done by posting a link to the original article.
  • To discuss sensitive issues create a pseudo/anonymous account.
  • Please avoid repeat posting your company profile - such accounts are removed automatically.
  • Found This Useful? +Vote Up This Via Google.  

    Why Vote? User validation is extremely important for good content to prosper.
    Disclaimer: This network and the advice provided in good faith by our members only facilitates as a direction towards the actions necessary. The advice should be validated by proper consultation with a certified professional. The network or the members providing advice cannot be held liable for any consequences, under any circumstances.

    Cite.Co helps people come together to solve each other's problems on all aspects of professional life.
    Share This Discussion:


    3M Users, 100K+ Documents & 450K+ Discussions
    About Us - Advertise - Contact Us - RSS   On Google+  
    All trademarks and copyrights held by respective owners. Member comments are owned by the poster.
    Privacy Policy | Disclaimer | Terms Of Service
    Facebook Page | Follow Us On Twitter | Linkedin Network