Hey,
There are many organisations that offer voluntary retirement scheme benefits to their employees. The government has launched similar schemes for those who have worked in state and central government. Only those employees that have completed 10 years of service and are above the age of forty are eligible.
Make the best plan for your pension amount by investing it with NoBroker. Opt for NoBroker home loan service for faster loan disbursal and quick process. What are the benefits of voluntary early retirement? Government :I think the employees will get 45 days' salary for each completed year of service. They also get provident funds (PF) and gratuity dues. Governments make their own rules and regulations. You will need to take approval from the authority.
Government employees and those in the army or any defence position get certain benefits after their retirement, They get defence pension, income tax deductions etc.
Voluntary retirement benefits for central government employees give people personal benefits such as health benefits, and opportunities to travel, or start a new career or business venture.
Company :Companies usually offer their employees schemes according to Section 2BA under the Income Tax Act. Though public organisations are viable to make their own rules. The employee can choose to retire before the retirement age or date.
This is all from my end on Voluntary retirement scheme benefits.
Read more : What is Voluntary Retirement Scheme? Who is eligible for Atal Pension Yojana Scheme? Does Atal Pension Yojana comes under tax benefit scheme?Your Feedback Matters! How was this Answer?
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What are the benefits of voluntary early retirement ?
Vissakha
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3 Year
2022-08-29T16:44:41+00:00 2022-08-29T16:44:42+00:00Comment
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