![]() ![]() ![]() The commercial establishment employed 20 or more workmen OR any industrial establishment employed 49 or more workmen, directly or indirectly, during any days of preceding 12-months, are legally liable to offer at least any one of these retirement benefit. “Gratuity” or “Provident Fund” or “Approved Pension Fund”. There are three different retirement benefits defined in Standing Order 12(6) i.e. Since then payment of gratuity is a legal benefit of the eligible worker. Before May 1972, the payment of gratuity by the employer was on a voluntary basis, after that it was incorporated in Standing Orders and becomes a statutory obligation of employers. Gratuity is one of the retirement benefits for long service. ![]()
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