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Retirement Vs Superannuation

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31 May 2016 Dear Experts, What is the difference between retirement and superannuation?
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
31 May 2016 On attaining the specific and prescribed age, a person will get retired autormatically. For example 58 or 60 years depending upon the State and Central Government. The administrative staff in the state government will be 58 and 60 will be for the Central Government. For academic community, it is 60 / 62 years.

It depends the employee concerned within the frame work of the rules. On attaining the 20 years of service, person can apply for voluntary retirement. Some time, the organisation itself can give VRS with the certain benefits. If a person from Central Govt. resigns after completing 20 years of service, he will be given additional weight age of 05 years for getting the terminal benefits.
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