Non-payment or Delayed Benefit Payment
Retirees often face issues with delayed or unpaid retirement benefits. Paying pensions, gratuities, and provident funds on time may be difficult for employers. Intentional withholding, administrative errors, or financial difficulties can all cause delays.
Disputes over gratuity calculations
Gratuity amounts are often disputed. Disputes can arise when salary records, service tenure, or the Payment of Gratuity Act, 1972, differ, affecting an employee's gratuity calculation. These disputes can significantly affect an employee's retirement benefits.
Provident Fund Withdrawals
Taking withdrawals from provident funds is challenging when there are issues with documentation or incomplete paperwork. Employers' Provident Funds (EPFs) may also suffer if they fail to make the correct contributions, resulting in lower balances. To receive their rightful provident fund payments, retirees often need legal assistance.
Pension Payment Discrepancies
Pension payments may be incorrect or delayed for retirees. Pension discrepancies can be caused by errors in pension calculation, issues with pension scheme administration, or delays in processing payments. The consequences of such problems can be severe for a retiree's financial stability.
Voluntary Retirement Scheme (VRS) Disputes
There are also disputes arising from Voluntary Retirement Scheme (VRS) packages. VRS employees may encounter disagreements over the calculation of benefits, the timing of payments, or the interpretation of the VRS terms. Disputes can lead to prolonged legal battles if not resolved quickly.