MCD employees to get terminal benefits on day of retirement

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MCD employees to get terminal benefits on day of retirement

New Delhi : Employees retiring from Municipal Corporation of Delhi -MCD will get their terminal benefits on the day of retirement itself from now onwards.

This was announced by Municipal Commissioner K S Mehra while presenting cheques of terminal benefits to 156 employees who retired from the civic agency on yesterday.

Terminal benefits such as leave encashment, gratuity, provident fund, commutation of pension were presented to these employees.

"The payment of terminal benefits is now paid on the day of retirement itself since three years to enable the retiring employees utilize the amount as per their future requirements," Mehra said.

Source: Economic Times

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