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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


Team Careers360 1st Jan, 2024
Answer (1)
Team Careers360 12th Jan, 2024

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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