Hi All,
I have a question or doubt. Whether a person who was working under a state PSU and has resigned after completing six years of service is eligible to receive Gratuity under the Payment of Gratuity Act 1972 or not? If the person joined, let's say, in 2010, and is covered under NPS, is a person covered under NPS working under a state PSU eligible to receive gratuity after resignation, assuming that he/she has completed over five years of service?
From India, Bhubaneswar
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8I have a question or doubt. Whether a person who was working under a state PSU and has resigned after completing six years of service is eligible to receive Gratuity under the Payment of Gratuity Act 1972 or not? If the person joined, let's say, in 2010, and is covered under NPS, is a person covered under NPS working under a state PSU eligible to receive gratuity after resignation, assuming that he/she has completed over five years of service?
From India, Bhubaneswar
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I guess NPS means National Pension Scheme. I don't see any limitations of receiving Gratuity for those who complete 5 years of continuous service while covered under NPS. Both NPS and Gratuity are different entities and have no similarity in benefits.
May seniors shed some light on this?
sarisri
From India, Mumbai
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May seniors shed some light on this?
sarisri
From India, Mumbai
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NPS and Gratuity are two different schemes. They are not mutually exclusive.
From India, Pune
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From India, Pune
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TELANGANA STATE VDA POINTS PRESS NOTIFICATION UP TO 31-03-2016.pdf
Gratuity Form I.doc