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Golden Hand Shake scheme is the name of
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- Retirement Scheme
- Voluntary Retirement Scheme
- One Rank One Pension Scheme
- Private Sector Retirement Scheme
- Retirement Scheme
Correct Option: B
The Voluntary Severance Scheme (VSS) is popularly known as Golden Hand Shake. It is a stipulation in an employment agreement which states that the employer will provide a significant severance package if the employee loses their job. A golden handshake is usually provided to top executives for loss of employment through layoffs, firing or even retirement.