Web$1,500 for each year or part of a year before 1989 of that employment in which none of your contributions to a pension plan or deferred profit sharing plan (DPSP) were vested in the employee’s name when you paid the retiring allowance. To determine the equivalent number of years of vesting, refer to the terms of the particular plan. WebThe definition of gratuity stated in section 2 (10) of the BLA under which more than six months is considered as a full year. It is worth noting that completion of more than six months of service ...
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