Important Points for IC 83 - Group Insurance and Retirement Benefit Schemes Exam
Page 28 Of 49
Go to:
Communication of pension to the extent of 1/3rd is allowed wherein the member is eligible for Gratuity. The same will be 1/2 in case member is not eligible for gratuity.
Each types of pension option are designed to meet specified needs.
Various methods of coting Superannuation Scheme are in vogue. Each has its own advantages.
Cash Accumulation System refers to pooling of contributions. Investment will be done taking the entire fund as one single entity. It is very easy to understand and manage the liability.
The security of a funding method is defined as the ability of a funding method to ensure that there will be sufficient assets to meet a schemes liabilities.
MODELEXAM® 
www.realsoftinfoplan.com