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Ramesh Sharma
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Asked: 2021-07-21T22:34:20+05:30 In:

What is the difference between commuted pension and uncommuted pension?

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What is the difference between commuted pension and uncommuted pension?
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      a) Uncommuted pension:- Under uncommuted pension, employees choose to receive a fixed amount of pension on monthly basis. and in Commuted pension, the employee received a lump sum amount as an advance of his total pension. This means he surrenders a portion of his pension say 50% and receives an advRead more

      a) Uncommuted pension:-

      Under uncommuted pension, employees choose to receive a fixed amount of pension on monthly basis. and in Commuted pension, the employee received a lump sum amount as an advance of his total pension. This means he surrenders a portion of his pension say 50% and receives an advance lumpsum amount this is called commuted pension. The pension may be fully or partly commuted.

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