From India, Mumbai



Gratuity to be paid till the end of his last working day with the company. After 58 years if separate contract is entered with the employee and if the employee completed contineous 5 years in the extension period then till last working day gratuity to be paid. Age will not be a criteria
From India, Madras
From India, Mumbai
From India, Madras
From India, Mumbai
Pensionable age with associated conditions has been prescribed under the Employee Pension Scheme whereas the age for retirement on superannuation is fixed under the contract of employment or service regulations. The Payment of Gratuity Act,1972 under which the industrial employees stand to get gratuity does not prescribe any age limit on retirement.
Therefore, when an employee is permitted by his employer to continue in service beyond the age of superannuation by means of extension or under a fresh contract of employment, for the purpose of gratuity the entire service has to be taken not withstanding the fact of being no member of the EPS.
If the employee is permitted to retire on attaining the age of superannuation, his gratuity should be paid forthwith.
If his service is continued by means of extension, the extended period should also be counted for gratuity taking the entire service as a single continuous spell of employment in the same establishment.
From India, Salem