UPS Point no 6 : Lump-Sum Payment at superannuation in addition to gratuity

lump sum payment at super annuation in addition to gratuity

In superannuation, a lump-sum payment can be provided in addition to gratuity,

calculated at 1/10th of the monthly emoluments (pay plus dearness allowance)

for each completed six months of service.

This payment does not affect the amount of assured pension you receive.

Leave a Reply

Your email address will not be published. Required fields are marked *