2006-06-12 23:46:40 · 5 answers · asked by Anonymous in Politics & Government ➔ Law & Ethics
A pension is a retirement fund that the employee pays into all during his or her career. A gratuity is a tip, like what you give a waitress or taxi driver.
2006-06-12 23:50:52 · answer #1 · answered by dh1977 7 · 0⤊ 0⤋
A pension is money put away for later use. A gratuity is a tip for excellent service, given at the completion of said service.
2006-06-13 00:22:01 · answer #2 · answered by trains13 1 · 0⤊ 0⤋
A pension is a continued allowance given to an employee for a certain number of years served on a job. A gratuity is also an amount of money given to someone for good services provided, but this term is used primarily for things like tips given to doormen, waiters, etc.It may be a one time deal, whereas the pension is long term .
2006-06-12 23:54:05 · answer #3 · answered by WC 7 · 0⤊ 0⤋
A pension is a steady income given to a person (usually after retirement). Pensions are typically payments made in the form of a guaranteed annuity to a retired or disabled employee.
Gratuity is A favor or gift, usually in the form of money, given in return for service.
2006-06-12 23:51:53 · answer #4 · answered by ♥Hina♥ 4 · 0⤊ 0⤋
you earn your pension a gratuity is a given benefit
2006-06-12 23:50:42 · answer #5 · answered by Anonymous · 0⤊ 0⤋