Dear All,
Wish you a very happy & prosperous year 2014.
The question was simple as to whether Gratuity is payable in the event of death of an employee prior to rendering 5 years of service. A simple answer was given by Sri Hari & Mr. Despandey that : 1) Gratuity will be payable. (2) It will be paid upto the date of retirement/superannuation in case the payment of gratuity is linked up with LIC of India or any such insurer.
Thereafter the discussion has deviated from its main objective, as to whether the gratuity will be paid in case of service is less than 6 months or not etc. etc. There is specific mention in the Act that if the period is less than 6 months it is to be ignored and if six months or more, it is to be reckoned as one year.
I have humbly suggested earlier also to please refer to Bare Acts before raising your doubts. Raising such discussions does not speak good of our new HR professionals who are much more qualified that the old school of thoughts in HR fields which used to be known as Personnel, Welfare & Industrial Relation. I shall highly appreciate if discussions raise their standards and this can be done only with constant reading. Good Luck to all.
AK Jain
Wish you a very happy & prosperous year 2014.
The question was simple as to whether Gratuity is payable in the event of death of an employee prior to rendering 5 years of service. A simple answer was given by Sri Hari & Mr. Despandey that : 1) Gratuity will be payable. (2) It will be paid upto the date of retirement/superannuation in case the payment of gratuity is linked up with LIC of India or any such insurer.
Thereafter the discussion has deviated from its main objective, as to whether the gratuity will be paid in case of service is less than 6 months or not etc. etc. There is specific mention in the Act that if the period is less than 6 months it is to be ignored and if six months or more, it is to be reckoned as one year.
I have humbly suggested earlier also to please refer to Bare Acts before raising your doubts. Raising such discussions does not speak good of our new HR professionals who are much more qualified that the old school of thoughts in HR fields which used to be known as Personnel, Welfare & Industrial Relation. I shall highly appreciate if discussions raise their standards and this can be done only with constant reading. Good Luck to all.
AK Jain