EDUCATION UGC NET
SCHOOL AND CLASSROOM MANAGEMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Invalid
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Retiring
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Compensation
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Superannuation
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Detailed explanation-1: -When the Government servant retires and/or reach a certain age, he or she can access their superannuation benefits as a lump sum or as a superannuation pension. A superannuation pension is now granted to a Government servant who retires on his attaining the age of 60 years.
Detailed explanation-2: -Pensioners after attaining 65, 70, 75 and 80 should get increase in their pension, so as to meet their enhanced requirements.
Detailed explanation-3: -Superannuation is money which people pay regularly into a special fund so that when they retire from their job they will receive money regularly as a pension.
Detailed explanation-4: -Superannuation. A superannuation pension shall be granted to a Government servant who is retired on his attaining the age of superannuation.
Detailed explanation-5: -The term retirement is used when an employee leaves a job permanently and the term superannuation is used when the employee retires to a job with pension benefits. Superannuation benefits can also be called retirement benefits.