Hi all, I worked in a company for a total of 14 years, including an initial probation period of 1 year. I have recently resigned from the company 2 months ago. Before resigning, I checked my gratuity and superannuation amount. However, after my resignation, they settled only my gratuity, stating that the superannuation amount is eligible only for people completing 15 years of service.
Eligibility for Superannuation
My doubt is whether there is any official rule for 15 years of service to be eligible for superannuation, because in such cases, the superannuation payslip should not be available until you complete the required years of service. Any suggestions in this regard?
Thank you.
From India, Hyderabad
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Eligibility for Superannuation
My doubt is whether there is any official rule for 15 years of service to be eligible for superannuation, because in such cases, the superannuation payslip should not be available until you complete the required years of service. Any suggestions in this regard?
Thank you.
From India, Hyderabad
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What is the superannuation amount?
Other than gratuity, there is no payment available to an employee who leaves even after 15 or 30 years of service. There can be a company policy regarding the payment of the amount on retirement/superannuation after completing 15 years, and whatever is mentioned in the said policy will be binding because it is not a mandatory payment.
From India, Kannur
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4667Other than gratuity, there is no payment available to an employee who leaves even after 15 or 30 years of service. There can be a company policy regarding the payment of the amount on retirement/superannuation after completing 15 years, and whatever is mentioned in the said policy will be binding because it is not a mandatory payment.
From India, Kannur
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Less than 5 years service - Eligibility for payment of gratuity.pdf