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Answer the Following Question: Give One Benefit Each of the Voluntary Retirement Schemes to an Employee and to the Employer. - Business Studies

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Question

Answer the following question:

Give one benefit each of the voluntary retirement schemes to an employee and to the employer.

One Line Answer

Solution

Under this scheme, the employee may be allowed to retire before attaining the retirement age with full benefits of retirement due to disease or disability and the retirement benefits to an employer may give a recruiting advantage.

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Retirement
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2017-2018 (March) Set 1

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