DESIGN AND IMPLEMENTATION OF A PENSIONERS PAYROLLING SYSTEM
CHAPTER ONE INTRODUCTION I.0 Introduction A pension is a contract for a fixed sum to be paid regularly to a pensioner, typically following retirement from service. It is different from severance pay because the former is paid in regular installments while the latter is paid in one lump sum. A pension plan created by an employer for the benefit of employees is commonly referred to as an occupational or employer ...
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