LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

bupesh (n/a)     22 December 2007

Eligibility to Membership: Provident Fund Act

[font=""trebuchet ms""]Eligibility to Membership:

[/font] [font=""trebuchet ms""][url=https://epfindia.nic.in/spp.htm]a) Employees' Provident Fund Scheme:[/url][/font][indent] [list=1][*] [font=""trebuchet ms""]Every employee (including part-time workers and those employed by or through contractors) shall be entitled to become a member of the Scheme from the date of joining the factory or the other establishment. (Para 26)
[/font]
[/*][*] [font=""trebuchet ms""]Every excluded employee shall be entitled to become a member from the date he ceased to be such employee.
[/font]
[/*][*] [font=""trebuchet ms""] Every member of an exempted Provident Fund on joining establishment to which the Scheme applies.
[/font]
[/*][*] [font=""trebuchet ms""]Any employee who is not otherwise eligible to become member of the Scheme, on request by him and his employer.
[/font]
[/*][*] [font=""trebuchet ms""]Every newspaper employee other than an excluded employee shall be entitled to become member of the Fund after completion of 3 months continuous  service or if he has actually worked for 60 days during 3 months or less (There is no wage ceiling in the case of newspaper employee). (Para 80)
[/font]
[/*][*] [font=""trebuchet ms""] Every Cine Worker other than an excluded employee shall be entitled to become a member of the Fund if he has worked in not less than three feature films with one or more producers provided his pay at the time of joining the Fund does not exceed Rs. 1600/-P.M or Rs.15,000/- per year. (Para 81)[/font][font=""trebuchet ms""]Note: w.e.f  1-11-90 , an employee is eligible for membership from the very first date of joining a covered establishment.[/font]
[/*][/list] [/indent] [font=""trebuchet ms""][url=https://epfindia.nic.in/eps95.htm]a) Employees' Pension Scheme:[/url]

[/font][indent] [list=1][*] [font=""trebuchet ms""] Every employee who became member of the Employees' Provident Fund Scheme on or after 16-11-95. (Employee who is above the age of 58 on the date of joining the Employees' Provident Fund Scheme shall not be enrolled).
[/font]
[/*][*] [font=""trebuchet ms""] Every employee who is a member of Employees' Provident Fund Scheme 1952 and who has not opted for erstwhile Employees' family pension scheme, may also become a member if he opts for Employees' Pension Scheme.
[/font]
[/*][*] [font=""trebuchet ms""] Every employee who was a member of Employees' Provident Fund Scheme and has left service between 1-4-93 and 15-11-95 can also join the Employees' Pension Scheme by submission of option. [/font]
[/*][/list] [/indent] [font=""trebuchet ms""]Note: The Employees' Pension Scheme membership will cease from the date the member attains 58 years of age . However, he will continue to be a member of Employees' Provident Fund till he leaves the service and withdraws the Provident Fund accumulations.

[/font] [font=""trebuchet ms""][url=https://epfindia.nic.in/edli.htm]c) Employees' Deposit Linked Insurance Scheme:[/url]

[/font] [font=""trebuchet ms""]Every employee who become member of the Employees' Provident fund Scheme/exempted Provident Fund Scheme.[/font]


Learning

 0 Replies


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register