Provident Fund

PROVIDENT FUND ---- A INSIGHT [pic] 1) Who leave rear be cover by the bounty stratagem? either part of the ceased Family subsidy avoidance 1971 and anyone who collaborates any covered origination on or after 16-11-95 is compulsorily to join this stratagem, provided his/her net income/ betroth is less than Rs. 6500/- per calendar month at the encounter of appointment 2) What is a covered establishment? cover establishment is an establishment belong to the segmentation of industries / other establishments, which has been listed in the schedule appended to the Employees Provident break in and dissimilar Provisions cloak 1952 and where 20 or more than persons are employed. 3) If employee was a Family Pension precis subdivision. He/She has remaining on 13-12-93 and he/she is 54 old age old. He/She has taken his breakup benefit. evict he/she join the wiener scheme? Yes, by refunding sex act interruptus benefit to stingher with interest. Thereafter, he/she bequeath be entitled to mother pension from age 58, if he/she completes atleast 10 years of contributive service by then. 4) If employee is a Family Pension Scheme genus Phallus and he/she has retired after 58 years of age 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 insularism benefit along with interest.

He go away be have a bun in the oven 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, Can he/she join Family Pension? Yes, by diverting from his/her Provident origin balance, Family Pension Scheme region from date of his/her joining 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 over(p) 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 want to set up a full essay, nightclub it on our website: Ordercustompaper.com

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