What Are Retiral Benefits?

rakhee.gehani
Rgds/Rakhee
nishikant
Hello friend,
The benfits provided by organization which will be due at the time of retirment - for example Provident Fund, Superannuation and in case company has its pension scheme - can be considered as retiral benefit. While gratuity is applicable on completion of 5 years of service and is paid to employee when he/she leaves the organization - however this also can be considered as retiral benefit as this is paid when an employee retires from organization and not in between.
regards
nishikant
rakhee.gehani
So this will not be paid if the employee leaves the organisation before retirement.
If PF is a seperate component, than Retiral benefit will include gratuity & superannuation which are anyway not payable if employee leaves in 2-3years
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute