An individual can indicate their preference on how pension is to be disbursed. Below are the available options:-
A gratuity is calculated and paid. The pension is divided by twelve and paid monthly.
Seventy five percent or ¾ of the full pension will be divided by 12 and paid monthly and the remaining twenty five percent or ¼ will be multiplied by 12.5 to calculate gratuity.
The calculation on this type of pension is dependent on a number of varying factors and therefore a fixed calculation cannot be provided.
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