Delhi govt hikes gratuity limit of DVB pensioners to Rs 25 lakh
This will immediately benefit around 500 pensioners, the minister said.
Gratuity is an amount paid by an organisation to its employees at the time of their retirement as a mark of appreciation for work rendered by them.
The proposal to hike gratuity limit to Rs 25 lakh was discussed by the power department. It has now been submitted for consideration and ratification by the Board of Trustees, the statement said.
Sood said the hike will cost the government an estimated Rs 16 crore for the period January 1, 2024 to March 31, 2025.
It was a long pending demand of the Delhi Vidyut Board (DVB)-Employees Terminal Benefit Fund (2002) pensioners. PTI VIT VIT ANU ANU
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