Payment of Gratuity Under the Pension Reform Act 2014
The Pension Scheme as provided for under the Pension Reform Act, of 2014 was devised from the system in Chile, which transitioned from the Pay-As-You-Go Defined Benefit Scheme(DBS) system to the Contributory Pension Scheme (CPS). Following the creation of the CPS, employers stopped paying gratuity to their retiring employees, claiming that gratuity is not part […]
