Any right to receive half-monthly payments may, by agreement between the parties or, if the parties cannot agree and the payments have been continued for not less than six months, on the application of either party to the competent authority be redeemed by the payment of a lump sum of such amount as may be agreed to by the parties or determined by the competent authority, as the case may be.
Section 80: Commutation of half-monthly payments.
The Code on Social Security, 2020Central Act · Act 36 of 2020
Where this provision sits
| Act | The Code on Social Security, 2020 |
|---|---|
| Section | 80 |
| Marginal note | Commutation of half-monthly payments. |
| Jurisdiction | Central |
| Status | In force as published by the source |
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