Nagarkar Vinayak L
Hr And Employee Relations Consultant
Kapoorrr
Advisor(hr)
+1 Other

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

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

From India, Vadodara
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. Regards, Vinayak Nagarkar HR- Consultant.
From India, Mumbai
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