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प्रश्न
Why is 'Gratuity' given by an employer to an employee?
थोडक्यात उत्तर
उत्तर
- Gratuity is a terminal benefit to a worker when he leaves the employment after working for a certain number of years.
- Originally, gratuity was an ex-gratia or voluntary payment made by an employer to his employees who retired after long and dedicated services.
- It is meant to protect the superannuated employee against the risk of old age.
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Social Security in India
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संबंधित प्रश्न
Write a short note on Social Security.
NPS stands for ______.
Social security implies measures to protect workers against distress caused by ______.
Briefly explain the term Pension?
Distinguish between gratuity and provident fund.
Mention any two advantages of group life insurance to employees and employers.
Explain any two social security measures adopted in India.
| Mr. Khanna, a manager in a public limited company, is turning sixty years of age and is about to retire from the organisation after a long and dedicated service. |
In this context answer the following:
- Name any two Acts pertaining to Mr. Khanna's retirement.
- Discuss the reasons why these two Acts need to be effected in organisations.
State any three features of Group Insurance.
Distinguish between Provident Fund and Pension.
