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          Indian Laws

          Concept Of Pension

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          Pension concept as periodical retirement benefit excluding return of contributions, voluntary additions, and statutory compensation. Pension denotes a periodical payment or lump sum under a scheme to provide retirement benefits, intended to assist a recipient's daily needs and presupposing the pensioner's continued life. It excludes payments that are merely a return of the employee's own contributions, amounts attributable solely to additional voluntary contributions, and payments representing statutory compensation under statutory schemes.
                            Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                              Provisions expressly mentioned in the judgment/order text.

                                  Pension concept as periodical retirement benefit excluding return of contributions, voluntary additions, and statutory compensation.

                                  Pension denotes a periodical payment or lump sum under a scheme to provide retirement benefits, intended to assist a recipient's daily needs and presupposing the pensioner's continued life. It excludes payments that are merely a return of the employee's own contributions, amounts attributable solely to additional voluntary contributions, and payments representing statutory compensation under statutory schemes.


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