Please advise how to proceed for Superannuation scheme for employees - CiteHR
Nagarkar Vinayak L
Hr And Employee Relations Consultant
+1 Other

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Dear Members, Please advise how to proceed for Superannuation scheme for employees.

Dear Shalini
Please elaborate, what do you mean by Superannuation scheme, is it post retirement welfare scheme, or voluntary separation scheme...??
Shailesh Parikh
99 98 97 10 65

Dear Shialesh,
Superannuation Scheme is post retiral benefit scheme run by LIC. which companies avail of for senior executives.
Vinayak Nagarkar
HR- Consultant

As a part of CTC or for the benefit of its employees, the employer can introduce super annuation scheme with LIC where employer will contribute 10 or 15% of basic and DA of eligible employee every month and the same can be withdraw by employee after attaining the superannuation age or earlier as per the schem drafted by employer. This is considered as one of the benefit to retain employees.
R R Kapoor

Dear Madam,
Approach LIC for the basic structure of the Schame. Also study the schemes of other comparable companies and customise to your needs/policies.
Vinayak Nagarkar
HR- Consultant.

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