Pension & Gratuity are both important components of employee benefits, particularly in the context of retirement planning. Here are some benefits of pension and gratuity: Financial Security: Pension and gratuity provide a level of financial security to employees after their retirement. They ensure a regular income stream and help individuals maintain their standard of living even when they are no longer actively working. Retirement Income: Pensions serve as a retirement income source. They are designed to replace a portion of an employee’s pre-retirement income, usually based on factors such as length of service and salary history. This income can be particularly valuable in the absence of regular employment earnings. Long-Term Planning: By offering…