Provident Fund, Pension, and Gratuity
Provident Fund, Pension, and Gratuity are the triple terminal benefits provided to the working class as measures of social security when they become jobless due to various reasons like old age, ill health, redundancy, resignation, etc. If you critically analyze these concepts, the maturity of benefits is always interlinked with the cessation of the beneficiary's employment beyond a certain age or a certain predetermined number of years of service. Therefore, the idea of periodical payment of Gratuity while the incumbent is still in service, though seemingly fanciful, will certainly fail to achieve the purpose for which it was primarily conceptualized.