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What is the Formula for calculating pension equivalent of gratuity?
Wiki User
∙ 10y ago
pension equivalent gratuity
Wiki User
∙ 10y ago
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What is difference between pension and gratuity?
A gratuity is like a gift or a free present. Pension is the plan for retirement after long work for many years. Pension in always related to retired, old people.
How can I calculate my pension?
Calculating your federal retirement depends upon whether you are CSRS or FERS. The following website should provide the information needed: www.freetaxusa.com/display_faq.jsp?calculate-federal-pension
Can pension be added in the calculation for child support in Illinois?
Absolutely. For calculating child support, virtually all income is counted except for public assistance/SSI.
What is the pension formula in Pakistan?
In Pakistan we calculate pension by the following formula: length of regular service x basic pay x 7 _______________________________ 300 if someone's length of service is 26 years his basic pay is Rs. 30,000 then his monthly pension will be 26 x 30,000 x 7 _____________ = 18,200 rupees per month 300
What is the pension for a congressman?
Well Wikipedia says: The pension amount is determined by a formula that takes into account the years served and the average pay for the top three years in terms of payment. In 2002, the average pension payment ranged from $41,000 to $55,000.
You retired as under secretary to the governmen of India on 30th April 1994 your old pension is rs5961 plus d p rs2980 rs8941 pension then commuted was rs737 what will be the formula to calcu?
Old Pension Rs.5961 D P 2980 = Rs.8941. Advise new pension + D A. Old Pension Rs.5961 D P 2980 = Rs.8941. Advise new pension + D A.
Maharashtra gov employee 6Th pay pension gr?
As per the recommendations of the Sixth Central Pay Commission the Government of India have revised the provisions regulating pension/gratuity/commutation of pension/family pension/disability pension/ex-gratia lump-sum compensation of the Central Govt. Employees vide Deptt. of Pension & Pensioners' Welfare O.M. No.38/37/08-P&PW(A), dated 2.9.2008 and Deptt. of Personnel & Training have extended the applicability of the provisions to members of All India Services mutatis-mutandis vide their OM No.14021/7/2008- AIS(II) dtd.26.9.2008. In pursuance of the O.Ms of Government of India the Government of Orissa have decided to adopt the revised provision
How much is 30 Shillings pension from British 1830?
In British currency, the value of a shilling in 1830 was equivalent to 12 pence. Therefore, a pension of 30 shillings would be calculated as follows: 30 shillings * 12 pence/shilling = 360 pence. So, a pension of 30 shillings in British currency from 1830 would be equivalent to 360 pence.
Identify several factors that influence the future pension obligation of an employer under a defined benefit pension plan?
In adefined benefit plan the company pays the employee a fixed annual pension based on a formula. Factors that can influence it are: employee life expectancy, employee turnover, expected employee compensation levels, and investment income on pension contributions.
Can you collect unemployment if you get a pension from another company in Arizona?
Generally you can collect both a pension and unemployment benefits, but the unemployment is usually offset by the equivalent weekly pension benefits. Each state has its own criteria regarding whether or not pensions are allowable along with unemployment, and those that do, specify only that portion of the pension the worker contributed to is not considered in the formula for offset. You also must comply with the other rules, such as ready, able, willing, and actively searching for full time employment, etc. Check with your own state for its criteria.
A regular payment made to person after he or she retires?
pension
Old pension basic 5269 what is my new basic pension?
my basic pension is 8123 and what will be my new basic pension
