Good morning to all Please clarify the "Eligibility for Superannuation" for a permanent staff in HO Rolls. And also please explain what is superannuation benefits when it is applicable to staff.
From India, Warangal
Executive (hr)

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01. Gratuity Amount. 02. EL Encasement (Full & Final Settlement). 03. EPF/EPS full & Final settlement. 04. Experience letter, Gift, & Memento trophy and cash award on occasion of Superannuation.
From India, Chandigarh
Babu Alexander

Superannuation benefit is one such retirement benefit offered to employees by their employers.
The employer contributes to a superannuation benefit for /on behalf of employees towards the group superannuation policy held by him.
Organisations either manage superannuation fund by their own trusts or open a superannuation benefit fund with any of the approved insurance companies or buy the product from insurance companies like LIC’s New Group Superannuation Cash Accumulation Plan or ICICI’s Endowment superannuation plans etc.
The employer contributes a fixed percentage (up to a maximum of 15%) of employees’ basic pay and dearness allowance and the same percentage of contribution need to be made for a particular category of employees. Though contribution is made by employer, ideally superannuation is part of Cost To Company (CTC).

From India, Madras

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