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
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
Time theft draining productivity? Track attendance in real time! See It In Action - Book Your Demo
Dear Sundarjayram, Can you pl.state what the abbreviation/acronym "NPS"stands for.
From India, Salem
From India, Salem
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
May seniors shed some light on this?
sarisri
From India, Mumbai
Hope that Sundarjayram's doubt is cleared by M/s Sarisri and Nathrao. Their replies need more elaboration. Provident Fund, Gratuity, and Pension are the triple terminal benefits acquired by the working classes after a long and protracted struggle.
From India, Salem
From India, Salem
Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
