Question

With reference to ‘Old Pension Scheme’, consider the following statements: I. Employees get a pension under a pre-determined formula which is equivalent to 50% of the last drawn salary. II. They also get the benefit of the revision of Dearness Relief (D

  • R , twice a year. III. The payout is fixed and there was no deduction from the salary. Which of the following is/are correct?
A I only
B II only
C III only
D I and II
E I, II and III
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