Question : Golden Hand Shake Scheme is the name of
Option 1: Retirement Scheme
Option 2: Voluntary Retirement Scheme
Option 3: One Rank One Pension Scheme
Option 4: Private Sector Retirement Scheme
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Correct Answer: Voluntary Retirement Scheme
Solution : The correct answer is the Voluntary Retirement Scheme .
Voluntary retirement is connected to a Golden Handshake Scheme. It is a provision in an executive employment contract that guarantees the executive a sizeable severance package in the event of termination, reorganisation, or even planned retirement. The Golden Handshake is the slang name for the Voluntary Severance Scheme (VSS).
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