Supporters of the changes say a higher gratuity ceiling and enhanced payout formula would help preserve the purchasing power of retirement savings and provide greater financial stability after superannuation.
The 8th Pay Commission is considering a significant increase in the gratuity ceiling to Rs 75 lakh, alongside a new payout formula. Proponents argue these changes are essential to safeguard the purchasing power of retirement savings. The proposed revisions aim to provide greater…
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