Hyperbole : exaggerated statements or claims not meant to be taken literally.
What is the difference between Gratuity, Provident Fund and Pension?
Now understand the difference between Government and Private Companies
What are the advantages of having My Aadhaar Card no Pension or Benefits only target a certain segment of people. What is the advantages of having Social Security and no Health Insurance after paying my Taxes or Losing an unborn child in pregnancy due to stress of possibly losing a job ? Health Data – Risk Analysis
Kaboom 💥 Kanoon
To old to be employed
To young for old age pension
Here’s an ancient formula :
Provident Fund comprises of Employer Contribution and Employee Contribution
The Full Employer’s Contribution at time of Retirement is credited to Pension Fund (an annuity no or identity card is given to the employee)
50% of (last drawn) Basic Salary is fixed as basic pension
Example : Basic Salary was 12,000 INR
6000 INR is Fixed as Basic Pension
From this amount to get back company’s provident fund (employer contribution) 33.33 % (1/3rd) of the Basic Pension was deducted every month and credited to a Pension Corpus.
Deduction of the above happens for 15 years, however company’s provident fund is immediately refunded at time of retirement.
Pension is linked to Cost of Living Index.
Government and Unions have a Formula (Dearness Allowance relief)
For inexistence employees DA Relief is paid Quarterly
Retired employee DA Relief is every 6 months.
Slabs Vs INR Per Slab (Depends on Designation of employee) Higher the post Higher the INR Per Slab.
Understand the Term Shares
Sell Shares to your employees
Your 5% reward can be encased for withdrawal during retirement or put back into the pot to make more … and sits in for you as a monthly pension adjusted to DA cost of living
To become a Share holder on co start a new project for smaller businesses
Also why DA is an essential part for the formula 👇🏽
The Dearness Allowance (DA) is a cost of living adjustment allowance paid to Government employees, Public sector employees (PSU)and pensioners in Pakistan, Bangladesh and India.
Dearness Allowance is calculated as a percentage of an Indian citizen’s basic salary to mitigate the impact of inflation on people. Indian citizens may receive a basic salary or pension that is then supplemented by a housing or a dearness allowance, or both. The guidelines that govern the DA vary according to where one lives. DA is a fully taxable allowance.. Two types : 1) DA given under terms of employment 2) DA not given under the terms of employment
Now understand that Social Security is not available to many countries so before you make changes understand the impact a company’s cost reduction formula affects and impacts a Family’s Home Planned Budget.
Light bulb 💡 will show you apply metrics and
HOW TO CHANGE EXPENSE ON A BALANCE SHEET TO PENSION SHARE HOLDER MONTHLY INCOME
Gratuity and 401K is not the same
Provident Fund is similar to 401k
Which is currently not absolved in the Tax Free Country’s by Private or Public Company’s
A retirement plan is a financial arrangement designed to replace employment income upon retirement. These plans may be set up by employers, insurance companies, trade unions, the government, or other institutions.
Examples of defined contribution plans around the world here
The Question is : Do tax free countries think about these things? Severance has no pension – provident fund – 401k from employee or employer contributions
Only Gratuity – A Tip, as its name suggests, for your service, and that’s about it ! Let’s work together ❤
Look how they use this money as Investment Equity linked savings scheme
Cost of Living Vs Standard of Living Vs Taxable Pension
In return for your commitment, drive and enthusiasm, businesses offer attractive benefit packages within successful International businesses that offer financial rewards and resources not only to themselves but also to their employees including bonus scheme, contributory pension, life assurance, generous holiday allowance and a flexible benefits programme
“Never be afraid to raise your voice for honesty and truth and compassion against injustice and lying and greed. If people all over the world would do this, it would change the earth.”
🤞 and toes crossed too 😉
Who Said That ?
Attempting to accomplish a goal by demonstrating possession of material resources will succeed, while attempting to accomplish that goal through mere rhetoric will fail.
“You taught me a great expression a few years ago, Joey—don’t forget it yourself.”
“What expression?” I asked.
“Money talks—bullshit walks. Joey, the further away from the Chairman I get, the better I like it.”
As my former congressman put it so inelegantly: “Money talks; bullshit walks.”
One Man Against the Underworld,
First rule of the cold approach: money talks, bullshit walks. So Cal would tip the guy twenty dollars on a hundred-dollar tab.
Skill Required : Luck, psychology
Unlike truly random selection methods, however, Ro Sham Bo! can be played with a degree of skill by recognizing and exploiting non-random behavior in opponents.
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It is impossible to gain an advantage over a truly random opponent. However, by exploiting the weaknesses of nonrandom opponents, it is possible to gain a significant advantage. Indeed, human players tend to be nonrandom.
In tournament play, some players employ tactics to confuse or trick the other player into making an illegal move, resulting in a loss. One such tactic is to shout the name of one move before throwing another, in order to misdirect and confuse their opponent. During tournaments, players often prepare their sequence of three gestures prior to the tournament’s commencement.
It is ORDERED that said Motion is DENIED.
From Kabar of the past
D.E.M O’Cracy, beloved husband of T Ruth, loving father of L.I.Bertie, brother of Faith, Hope and Justice, expired on June 26 and thus disturb the carefully crafted system of Constitutional checks and balance between the three organs of the government.
You can now #ARest my case
Interpretation & Perception
Guilty Conscience Pricks
Pun intended or not, you decide
Array Chote Hyperbole Re !
It’s is only when one is scared of defending themselves that they create laws that hamper creativity thinking and thought.
They don’t have social security back home
What about their families ?
What they have budgeted for is not based on your benefit of the budget. Do your groundwork before the final decision
Psycho Analyst say
You have cars to reach they have to walk to save and feed their family
1. Cut off points for all
Back the trolley up a bit, you say what ? Home Improvement.
No trolleys beyond this point
2. 3 strike policy for those issuing powers Recede Your Views
From looking at initials beside a number on a budget forecast to seeing HUMANS when looking at Human Resources
Recommendations are better than Orders
See Also :
- She says Don’t Copy if You Can’t Paste
- Information Legal
- Can You Move this Mountain ?
- How to be Naughty and Nice ?
- The Thin Red Line
- Envy Vs Jealousy
- Look Backward and Forward
(CC) 2017 Tysilyn Fernandez