Superannuation - Law Dictionary Search Results
Retirement
Retirement, means termination of the service of an employee otherwise than on superannuation. [Payment of Gratuity Act, 1972 (39 of 1972), s. 2(q)] Voluntary termination of ones own employment or career,
Pension
for Unbeneficed Clergy) Measure, 1928 (18 & 19 Geo. 5, No. 1). See Chitty's Statutes, tit. 'Pension,' and SUPERANNUATION. Pension is periodical payment of money for past services, Shaukat Husain Beg Mirza v. State of Uttar Pradesh,
Remittance of asset
of funds representing a deposit with a bank or a firm or a company, provident fund balance or superannuation benefits, amount of claim or maturity proceeds of Insurance policy, sale proceeds of shares, securities, immovable property or
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Pensioner
'pensioner' is generally understood in contra-distinction to the one in service. Those who render after service retire on superannuation and are in receipt of pension are 'pensioners'. They constitute a homogenour class; for the purpose of pension
Matters relating to employment
terms and conditions of such employment, such as, provisions as to salary, increments, leave, gratuity, pension, age of superannuation, promotion and even termination of employment. It is further well established that Articles 14, 15(1) and 16(1) from
Gratuity
to workmen is intended to help them after retirement, whether the retirement is the result of the rules superannuation or of physical disability, Indian Hume Pipe Co. Ltd. v. Workmen, AIR 1960 SC 251: (1960) 2 SCR
Except as otherwise provided in the other clauses of this rule
provided in the other clauses of this rule' appearing in Rule 161 (1)(a) make the general rule of superannuation at the age of 58 years subject to other clauses of that rule. This is to say, the
Actuary
skilled in calculating the value of life interests, annuities, and insurances. The (English) Local Government and other Officers' Superannuation Act, 1922 (12 & 13 Geo. 5, c. 59), defines actuary as meaning a fellow of the Institute
Compulsory retirement
SC 369 (375): (1955) 1 SCR 26. [Constitution of India, Art. 311] For the judicial officers allowed to superannuate at the age of 58 years and the expressions such as compulsory retirement on attaining the age of
Gratuity and pension
They are both 'efficiency devices' and are considered necessary for an 'orderly and humane elimination' from industry of superannuated or disabled employees who but for such retiring benefits would continue in employment even though they function inefficiently,
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