Gratuity entitlement covers retirement, death, disability, qualifying resignation and non-punitive termination, with withholding permitted during pending proceedings. Gratuity is payable on retirement, death, medically certified disablement, resignation after five years of continuous service, and non-punitive ... Summary
International Financial Services Centres Authority (Employees' Service) Regulations, 2026
Gratuity entitlement covers retirement, death, disability, qualifying resignation and non-punitive termination, with withholding permitted during pending proceedings.
Gratuity is payable on retirement, death, medically certified disablement, resignation after five years of continuous service, and non-punitive termination after five years. Employees with less than five years of continuous service receive gratuity under the Code on Social Security, 2020. The Authority may specify gratuity for employees completing ten years of service, but the amount cannot be below the Code entitlement. It may create a gratuity trust and withhold gratuity during pending proceedings, subject to their outcome and recoveries.
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