Good morning to all Please clarify the "Eligibility for Superannuation" for permanent staff in HO Rolls. And also please explain what is superannuation benefits when it is applicable to staff.
From India, Warangal
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12From India, Warangal
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01. Gratuity Amount. 02. EL Encasement (Full & Final Settlement). 03. EPF/EPS full & Final settlement. 04. Experience letter, Gift, & Memento trophy and cash award on occasion of Superannuation.
From India, Bengaluru
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From India, Bengaluru
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Superannuation Benefit Overview
Superannuation benefit is a retirement benefit offered to employees by their employers. The employer contributes to a superannuation benefit on behalf of employees towards the group superannuation policy held by them. Organizations either manage the superannuation fund through their own trusts or open a superannuation benefit fund with approved insurance companies. They may also purchase products from insurance companies like LIC's New Group Superannuation Cash Accumulation Plan or ICICI's Endowment superannuation plans, etc.
The employer contributes a fixed percentage (up to a maximum of 15%) of employees' basic pay and dearness allowance. The same percentage of contribution needs to be made for a particular category of employees. Though the contribution is made by the employer, ideally, superannuation is part of the Cost To Company (CTC).
From India, Madras
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Superannuation benefit is a retirement benefit offered to employees by their employers. The employer contributes to a superannuation benefit on behalf of employees towards the group superannuation policy held by them. Organizations either manage the superannuation fund through their own trusts or open a superannuation benefit fund with approved insurance companies. They may also purchase products from insurance companies like LIC's New Group Superannuation Cash Accumulation Plan or ICICI's Endowment superannuation plans, etc.
The employer contributes a fixed percentage (up to a maximum of 15%) of employees' basic pay and dearness allowance. The same percentage of contribution needs to be made for a particular category of employees. Though the contribution is made by the employer, ideally, superannuation is part of the Cost To Company (CTC).
From India, Madras
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Flexi Benefits Plan.doc