As we all know retirement benefits are benefits payable to the member of the pension scheme on

retirement or earlier with-drawl from service including retirement pensions, retirement lump
sums or gratuities, benefits ( such as dependents pensions ) payable following the members death
retirement and periodic increases on all. I can receive some significant tax advantages for my
business because congress wants to encourage employers to provide retirement benefits to
employees. The plan may enhance employee motivation and productivity. Retirement benefits
may give you a recruiting advantage. There are some advantages of offering employee benefits :
1. Recruit and retain key employees.
2. A healthy workforce is a productive workforce.
3. Culture and morale.
4. Tax advantages.
5. A foundation for growth.
I will offer my employee 3 types of Retirement benefits :
1. Earned Leave
2. Provident fund
3. Gratuity