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Retirement pension is a part of NNP AT FC or not.?
Most Upvoted Answer
Retirement pension is a part of NNP AT FC or not.?
Retirement pension is a compensation paid to an employee so, it is included in national income i.e., it comes under NNP at FC whereas old pension is a transfer of payment so, it is not included in national income.
Community Answer
Retirement pension is a part of NNP AT FC or not.?
Old age pension is the part of COE not the retirement pension so we include only old age pension not retirement pension
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Retirement pension is a part of NNP AT FC or not.?
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