Provident Fund

PROVIDENT FUND ---- A INSIGHT [pic] 1) Who leave bed be cover by the bounty strat progressm? each part of the ceased Family support Scheme 1971 and anyone who occasions any covered mental institution on or later on 16-11-95 is compulsorily to join this scheme, provided his/her net income/ betroth is less than Rs. 6500/- per month at the date of conflict 2) What is a covered make-up? Covered establishment is an establishment belonging to the segmentation of industries / other establishments, which has been listed in the schedule appended to the Employees prospicient store and dissimilar Provisions Act 1952 and where 20 or more persons are employed. 3) If employee was a Family pension Scheme member. He/She has left on 13-12-93 and he/she is 54 old term old. He/She has taken his breakup benefit. cannister he/she join the red-hot scheme? Yes, by refunding coitus interruptus benefit to stingher with interest. There after(prenominal), he/she will be entitled to receive pension from come along 58, if he/she completes atleast 10 years of contributory service by then. 4) If employee is a Family Pension Scheme Member and he/she has retired after 58 years of be on on 15-01-94. Can he/she join the new scheme? Yes, anyone who has retired by reaching age 58 amid 01-04-93 and 15-11-95 may join the scheme by returning the withdrawal benefit along with interest.

He will be pay pension with immediate effect, from date of exit provided he has rendered 10 years of contributory service. 5) If employee is not a Family Pension Scheme member and he/she is 56 years of age, Ca n he/she join Family Pension? Yes, by div! erting from his/her long Fund balance, Family Pension Scheme contribution from date of his/her connecter or 01-03-71, whichever is later. 6) Whether the Family Pension Scheme member who has attended the age of 58 years before 01-04-93 and has left employment after 01-04-93 will be admitted to the scheme as member of Family Pension Scheme, 1971? Yes, he will be deemed to have retired after 01-04-93. On...If you destiny to get a full essay, order it on our website: OrderCustomPaper.com

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