Employees’ Pension Scheme, 1995Employees’ Pension Scheme, 1995Employees’ Pension Scheme, 1995
 
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Employees’ Pension Scheme, 1995

 

Sections

Employees’ Pension Scheme, 1995

  
 

Notification

  
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

6A.

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

12A.

Option for commutation

13.

Options 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

16A.

Guarantee of pensionary benefits

17.

Payments on exercise of option

17A.

Payment of pension

18.

Particulars to be supplied by the employees already employed at the time of commencement of the Employees’ Pension Scheme

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 and other benefits

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

39A.

Submission of return

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

44.

Repeal and savings

  
 

TABLE A

 

TABLE B

 

TABLE C

 

TABLE D

 

TABLE E

 

FORM 1

 

Employees’ Pension Scheme, 1995

 

 

 

 

 

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