Question 21. What benefits are included in your retirement benefits
scheme or gratuity scheme? (Don't prompt first. If the
answer is vague, probe the following points)
(1)
(2)
If the pension is in a lump sum, the maximum sum is
equivalent to how many months salary?
If the pension is in a lump sum, the minimum sum is
•
equivalent to how many months salary?
(3)
If the pension is in monthly payments, the maximum
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payment is how many percent of the monthly salary?
(4)
If the pension is in monthly payments, the minimum payment
is how many percent of the monthly salary?
(5)
The age of retirement:
(6)
Does the pension increase with the length of services?
(1) Yes
(2) No
(7)
If the employee leaves the company before retirement,
will he receive part of the pension?
(1) Yes
(2) No
Findings:
For employers (N
**
98) who provided retirement benefits, the
majority (63 employers) said that the maximum lump sum pension, when
expressed in numbers of months salary were not fixed. (Table 10040)
In terms of the minimum lump sum pension, expressed in numbers
of months salary, again the majority (65 employers) said these were not
fixed. (Table 10041)
Among companies offered retirement benefits, the majority of
employers did not have a fixed maximum payment in proportion to the monthly
salary, nor did they have a minimum payment in proportion to the monthly salary,
nor did they have a minimum percentage. (Table 10042 - 10043)
For companies which had retirement benefits, the majority
(69.6%) set a retirement age of 60. Some companies had no fixed age of
retirement.
(Table 10044)
A smaller percentage (14.5%) set a retirement age of 55.
For companies which offered retirement benefits, 83.7% had
pensions which increased with the length of services. (Table 10045)
For companies which offered retirement benefits, 73.5% would
give the employees a part of the pension if the employee would leave before
retirement while 26.5% would not. (Table 10046)
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