PTCL’s Scheme: Voluntary Separation Package announced
Scheme offers transition bonus and pay, allowance benefits, health fund , leave encashment to employees
ISLAMABAD:
Pakistan Telecommunication Company Limited (PTCL) has introduced a Voluntary Separation Package for its employees, available for one month, effective from November 5, 2014. The VSS scheme offers a wide array of benefits to employees including transition bonus, transition pay, allowance benefits, health fund and leave encashment. As part of retirement benefits, multiple options have been offered that allow employees to select the option, most suitable to them. Besides reducing the retirement age by two years, the additional benefit has also been added to eligible pensioners. In addition to these benefits, employees are topped up with Early Bird Bonus (Rs200,000) and Group Bonus (Rs150,000), fulfilling the requisite conditions.
Published in The Express Tribune, November 7th, 2014.
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