GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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16:49 Apr 28, 2011 |
Greek to English translations [PRO] Bus/Financial - Insurance | |||||||
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| Selected response from: Ioanna Daskalopoulou Greece Local time: 04:17 | ||||||
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Summary of answers provided | ||||
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3 +1 | DCRG (Death Cum Retirement Gratuity) |
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Discussion entries: 1 | |
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DCRG (Death Cum Retirement Gratuity) Explanation: Οι συνταξιούχοι που λαμβάνουν τα κατώτατα όρια συντάξεων, σύνταξή τους περιορίζεται στο οργανικό ποσό (σύνταξη+προσαύξηση για παιδιά), όπως αυτό προκύπτει από τα ασφαλιστικά δεδομένα FAMILY PENSION CALCULATION DCRG – If employee is dead before attaining his qualifying Service of Retirement, The calculation of DCRG in such case is as follows – DCRG = Total Pay X Multiplying Factor Where Multiplying Factor varies as follows Service Life MF 1 to 5 years 6 5 to 20 years 12 above 20 SMP / 2 (in case of death) SMP / 4 (on retirement) FAMILY PENSION A) Total Pay = Basic Pay + Dearness Pay B) 30 % of Total Pay = 0.3 X Total Pay C) 2 ( or 1.5) X (B) [1.5 when WCA 1923 applicable ] D) 50 % of Total Pay E) Lowest of ( C ) & ( D ) F) Therefore Family Pension would be (E) till 7 years from the date following the death or 65 yrs age of the employee whichever is earlier Νομίζω ταιριάζει στο συγκείμενό σου. |
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