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Redundancy pay must be given, set at 15 days' average pay for each complete year of continuous service. An employee who has worked for 4 years in addition to various notices and due process, must be paid a minimum of the employee's wage equivalent to 60 days before retrenchment, if the government grants the employer a permission to lay off.
A less severe form of involuntary termination is often referred to as a layoff (also redundancy or being made redundant in British English). A layoff is usually not strictly related to personal performance but instead due to economic cycles or the company's need to restructure itself, the firm itself going out of business, or a change in the function of the employer (for example, a certain ...
Severance pay in Luxembourg upon termination of a work contract becomes due after five years' service with a single employer, provided the employee is not entitled to an old-age pension and the termination is due to redundancy, unfair dismissal, or covered in a collective labor agreement. [32]
If redundancies must take place, the National Employment Standard in section 119 requires minimum redundancy payments of at least 4 weeks' pay for employees that have worked over 1 year to 16 weeks' pay for people with at least 9 years' work, while those over 10 years' work may take advantage of long service leave and redundancy pay. [234]
Following the Sixth Central Pay Commission report, the UPA Government, in recognition of the growing role and influence of the Ministry of Home (MHA), India's Interior Ministry, promoted the heads of the five police led Central Para Military Forces to the highest pay grade, or the Apex Scale, with a fixed pay of Rs. 80,000.
Social Security is the U.S. government’s biggest program; as of June 30, 2024, about 67.9 million people, or one in five Americans, collected Social Security benefits.This year, we’re seeing a ...
In India, gratuity is a type of retirement benefit. It is a payment made with the intent of monetarily helping an employee after his or her retirement. It was held by the Supreme Court of India in Indian Hume Pipe Co Ltd v Its Workmen that the general principle underlying a gratuity scheme is that by service over a long period the employee is entitled to claim a certain amount as a retirement ...
As of 4th June 2024 NDA have government in 19 States and 1 Union Territories. INDIA bloc have government in 8 States and 2 union Territories. Other one party ZPM , which is not part of any alliance has government in Mizoram state.