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Employees Pension Scheme, 1995

Related Legislation: PF Act, 1952   

FULL TEXT OF THE ACT

   

1    Short title, commencement and application

2    Definitions

3    Employees Pension Fund

4    Payment of contribution

5    Recovery of damages for default in payment of any contributions

6    Membership of the Employees Pension Scheme

6-A    Retention of membership

7    Option for joining the Scheme

8    Resolution of doubts

9    Determination of Eligible Service

10    Determination of Pensionable Service

11    Determination of Pensionable Salary

12    Monthly Members Pension

12-A    Option for Commutation.

13    Option for return of capital

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

15    Benefits on permanent and total disablement during the service

16    Benefits to the family on the death of a member

16-A    Guarantee of Pensionary Benefits

17    Payments on Exercise of Option

17-A    Payment of Pension

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

19    Preparation of contribution cards

20    Duties of employers

21    Employer to furnish particulars of ownership

22    Duties of contractors

23    Allotment of Account Numbers

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

25    Employees Pension Fund Account

26    Investment of the Employees Pension Fund

27    Disposal of the Fund

28    Administration Account

29    Forms of Accounts

30    Audit

31    Rounding up of the benefits

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

33    Disbursement of pension and other benefits

34    Registers, records, etc

35    Power to issue directions

36    Regional Committee

37    Annual Report

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

39    Exemption from the operation of the Pension Scheme

39B    Transfer Value

40    Information to the Central Government

41    Interpretation

42    Punishment for failure to submit return, etc.

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

43A    Special Provisions in respect of International Workers

44    Repeal and Savings