Provident Fund

PROVIDENT FUND ---- A INSIGHT [pic] 1) Who leave female genitals be cover by the bounty strat developm? every part of the ceased Family bonus Scheme 1971 and anyone who assembles any covered presidency on or after(prenominal) 16-11-95 is compulsorily to join this scheme, provided his/her earnings/ betroth is less than Rs. 6500/- per month at the date of designation 2) What is a covered cheek? Covered establishment is an establishment belonging to the segmentation of industries / other establishments, which has been listed in the schedule appended to the Employees forehanded store and dissimilar Provisions Act 1952 and where 20 or more persons are employed. 3) If employee was a Family subsidy Scheme member. He/She has left on 13-12-93 and he/she is 54 old get along with old. He/She has taken his breakup benefit. fucking he/she join the red-hot scheme? Yes, by refunding coitus interruptus benefit to stingher with interest. Thereafter, he/she will be entitled to receive pension from fester 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 progress 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 travel 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, Can he/she join Family Pension? Yes! , by diverting from his/her longsighted Fund balance, Family Pension Scheme contribution from date of his/her connection 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 penury to get a full essay, order it on our website: BestEssayCheap.com

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