Advertisements
Advertisements
Question
Distinguish between Provident Fund and Pension.
Advertisements
Solution
- Both employer and employee contribute every month to a provident fund, while only the employer contributes to the pension.
- The amount of the provident fund is paid once in a lump sum, whereas the pension is paid every month.
APPEARS IN
RELATED QUESTIONS
A voluntary payment made by an employer to an employee who retires after long and dedicated services is ______.
When the Principal of a school retires, the vice - principal is given her place. Identify which of the following will be true in this context.
- The vice-principal is being transferred
- The vice-principal will be getting a higher salary
- The vice-principal is getting promoted
- The vice-principal will be getting the same salary but her designation will change
Write a short note on Social Security.
In India, social security is provided under the ______.
What is a Provident Fund Scheme?
Distinguish between gratuity and provident fund.
Explain the benefits provided by employers to employees under the Employees State Insurance Act.
Explain the benefits provided by employers to employees under the Maternity Benefit Act.
State any three features of Group Insurance.
Distinguish between social insurance and social assistance
