EMPLOYEES PENSION SCHEME

Full Text

Para :

Para 1 : Short title, commencement and application

Para 2 : Definitions

Para 3 : Employees Pension Fund

Para 4 : Payment of contribution

Para 5 : Recovery of damages for default in payment of any contributions

Para 6 : Membership of the Employees Pension Scheme

Para 6-A : Retention of membership

Para 7 : Option for joining the Scheme

Para 8 : Resolution of doubts

Para 9 : Determination of Eligible Service

Para 10 : Determination of Pensionable Service

Para 11 : Determination of Pensionable Salary

Para 12 : Monthly Members Pension

Para 12-A : Option for Commutation.

Para 13 : Option for return of capital

Para 14 : Benefits on leaving service before being eligible for monthly members pension

Para 15 : Benefits on permanent and total disablement during the service

Para 16 : Benefits to the family on the death of a member

Para 16-A : Guarantee of Pensionary Benefits

Para 17 : Payments on Exercise of Option

Para 17-A : Payment of Pension

Para 18 : Particular to be supplied by the employees already employed at the time of commencement.

Para 19 : Preparation of contribution cards

Para 20 : Duties of employers

Para 21 : Employer to furnish particulars of ownership

Para 22 : Duties of contractors

Para 23 : Allotment of Account Numbers

Para 24 : Declaration by persons taking up employment after the fund has been established

Para 25 : Employees Pension Fund Account

Para 26 : Investment of the Employees Pension Fund

Para 27 : Disposal of the Fund

Para 28 : Administration Account

Para 29 : Forms of Accounts

Para 30 : Audit

Para 31 : Rounding up of the benefits

Para 32 : Valuation of the Employees Pension Fund and review of the rates of contributions and quantum of the pension

Para 33 : Disbursement of pension and other benefits

Para 34 : Registers, records, etc

Para 35 : Power to issue directions

Para 36 : Regional Committee

Para 37 : Annual Report

Para 38 : Application of the provisions of the Employees Provident Funds Scheme, 1952

Para 39 : Exemption from the operation of the Pension Scheme

Para 39B : Transfer Value

Para 40 : Information to the Central Government

Para 41 : Interpretation

Para 42 : Punishment for failure to submit return, etc.

Para 43 : Payment of pension in the case of a person charged with the offence of murder.

Para 43A : Special Provisions in respect of International Workers

Para 44 : Repeal and Savings