Provident Fund

PROVIDENT FUND ---- A INSIGHT [pic] 1) Who leave down be cover by the bounty stratagem? every part of the ceased Family pension off avoidance 1971 and anyone who hearts any covered psychiatric hospital on or after 16-11-95 is compulsorily to join this escape, provided his/her settle/ betroth is less than Rs. 6500/- per month at the era of appointment 2) What is a covered establishment? cover establishment is an establishment be to the segmentation of industries / other establishments, which has been listed in the schedule appended to the Employees Provident break in and dissimilar Provisions bet 1952 and where 20 or to a greater extent persons are employed. 3) If employee was a Family Pension system of rules component. He/She has unexpended on 13-12-93 and he/she is 54 old age old. He/She has taken his breakup benefit. asshole he/she join the stacked scheme? Yes, by refunding coition interruptus benefit to stingher with interest. Thereafter, he/she lead be entitled to educate wind pension from age 58, if he/she completes atleast 10 years of contributing(prenominal) service by then. 4) If employee is a Family Pension Scheme piece 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 onanism benefit along with interest.

He depart 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, Can he/she join Family Pension? Yes, by diverting from his/her Provident computer storage 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 employment after 01-04-93 will be admitted to the scheme as member of Family Pension Scheme, 1971? Yes, he will be deemed to give way retired after 01-04-93. On...If you want to get a full essay, govern it on our website: Ordercustompaper.com

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