Ppt4hr.blogspot.com. By from BHU Varanasi. LLB.

 Provident Fund Benefits  Pension Benefits  Death Benefits Ppt4hr.blogspot.com. By

 1. Employer also contributes to Members 12% ( 10% in case of sick industrial co., any  establishment having accumulated loss equal to its entire paid up capital and any establishment  in Jute Industry, Beedi Industry, Brick Industry, Coir Industry and Gaur Gum Factories. )  2. EPFO guarantees the Employer contribution and credits interest at such rates as determined  by the Central Government.  3. Member can withdraw from these accumulations to cater to financial exigencies in life - No  need to refund unless misused.  4. On resignation, the member can settle the account. i.e., the member gets his PF contribution,  Employer Contribution and Interest. Ppt4hr.blogspot.com. By

1. Pension to Member 2. Pension to Family (on death of member). 3. Scheme Certificate  This Certificate shows the service & family details of a member  This is issued if the member has not attained the age of 58 while leaving an  establishment and he applies for this certificate  Member can surrender this certificate while joining another establishment and the service  stated in the certificate is added with the service he is gaining from the new  establishment.  After attaining the age of 50 or above, the member can apply for Pension by surrendering  this scheme certificate (if total service is atleast 10 years)  This is a better choice than Withdrawal Benefit, as a member dies holding a valid scheme  certificate, his family will get pension (Death when NOT in service) CONTINUE Ppt4hr.blogspot.com. By

4. Withdrawal Benefit  If not eligible for pension, member may withdraw the amount accumulated in his pension account  The calculation of this amount is based only on (i) Last average salary and (ii) Service  (Not based on actual amount available in Pension Fund Account)  5. No amount is taken from Member to give Pension to the Member. Employer and Govt.  contributes to Pension respectively  6. EPFO guarantees pension to members, even if the Employer has not contributed to  Pension Fund. Ppt4hr.blogspot.com. By

 1. Provident Fund Amount to Family (or to Nominee)  2. Pension to Family (or to Parent / Nominee)  3. Capital Return of Pension  4. Insurance (EDLI) amount to Family (or to Nominee)  No amount is taken from Member for this facility. Employer contributes for this.  5. Nominee is basically determined as per the information submitted by the member at this office through FORM-2 Ppt4hr.blogspot.com. By

 You, as your own, can not become an EPF Member. To become an EPF member, you have to  work in an establishment which is covered under EPF and MP ACT,  If 20 or more employees are working in an establishment, EPFO will cover that  establishment.  If Employer and Employees of an establishment desires, that establishment can  voluntarily opt for EPF coverage even if the employees employed therein is less than 20.  If your establishment is not covered and atleast 20 employees are working in that  establishment, you can approach EPFO to cover it. Ppt4hr.blogspot.com. By

 To withdraw money from EPF Account, you have to either:  Resign or retire from the establishment and apply for settlement of PF in Form-19  Apply for advance for some admissible purposes Ppt4hr.blogspot.com. By

 If you have attained the age of 50 years or more and  If you have completed a total service of 10 years or more and  If you are not getting any other EPF Pension Then you have to apply in Form-10D at the EPF Office where you last worked through your last employer. If you want to draw pension from a different place, you have to furnish appropriate Bank / Post Office address in the application form. Pension is distributed through Post Offices or through some designated banks only (eg: IndianBank, SBI, Indian Overseas Bank, HDFC Bank, ICICI and UTI Bank ) Ppt4hr.blogspot.com. By

1. On superannuation Age 58 years or More and atleast ten years of service The member can continue in service while receiving this pension On attaining 58 Years of age, a EPF member cease to be a member of EPS automatically 2. Before superannuation Age between 50 and 58 years and at least ten years of service The member should not be in service 3. Death of the member Death while in service or Death while not in service 4. Permanent disability Permanently and totally unfit for the employment which the member was doing at the time of such disablement Ppt4hr.blogspot.com. By No pensioner can receive more than one EPF Pension.

You have to resign or retire from the establishment and apply for settlement of PF in Form-19. If the exit is before 55 years of age, the member should not work in any covered establishment for a period of 2 months from the exit date. If the member dies, Family members/Nominee have to apply in Form-20 for settlement of PF (In case of death, apply in From-10D and Form-5IF for Pension and EDLI also) Ppt4hr.blogspot.com. By

You have to apply in From-13(R) through the NEW Employer at the EPF Office from which transfer is sought clearly stating New and Old EPF Numbers. You have to obtain new EPF Number from your New Employer. New EPF Number will be allotted by New Employer, not by EPFO. Ppt4hr.blogspot.com. By

On death of a member, the Family Members or Nominee (whoever has the entitlement to claim Provident Fund amount) can claim for EDLI Benefit. Maximum amount payable is Rs. 60,000/-. The nominee(s) have to apply in From-5IF through the Employer. No amount is taken from the Member for this facility. Employer contributes for this. Average PF Balance, salary and service are the factors considered for the calculation of this amount Ppt4hr.blogspot.com. By

1) While joining an establishment, furnish details of previous employment if any, with previous Provident Fund a/c number and scheme certificate. 2) In case of existing Provident Fund/ Pension a/c, apply for transfer of previous a/c number to the present a/c number. 3) Ensure that employer furnishes Form-5 with details of previous Provident Fund a/c no. to Employees' Provident Fund Organisation. 4) Execute Form-2, with details of self, nominee for Provident Fund and pension and details of family, so that it is forwarded to Employees' Provident Fund Organisation by the employer. 5) Ensure that particulars furnished are correct in all respects. 6) Ensure that enrolment to Employees' Provident Fund/ Employees' Pension Scheme is done immediately on the date of joining the establishment. 7) Ensure that Provident Fund is deducted at statutory rate from the total wages i.e. basic, D.A. and retaining allowance if any. Continue………………… Ppt4hr.blogspot.com. By

 8) If desirous of enhancing rate of contribution, inform your willingness with the higher rate opted and forward to Employees' Provident Fund Organisation through employer and allow employer to deduct at enhanced rate from the wages.  9) If the wages drawn is more than Rs. 6500/-, intimate your willingness to contribute on the whole salary as per higher rate to Employees' Provident Fund Organisation through employer.  Employer can also contribute on the whole amount drawn as wages under intimation to Employees' Provident Fund Organization.  10) Check up periodically with the employer that contribution and other charges are paid to Employees' Provident Fund Organisation and ensure it's correctness by verifying the Form-3A (contribution card) maintained by the employer. Ppt4hr.blogspot.com. By

1) Don't give false declaration and incorrect particulars to Employer and Employees Provident Fund Organisation. 2) Don't fall victim to middleman/ agents. Please Contact PRO for Doubts / Clarifications if any. 3) Don't allow Employer to deduct his own share of contribution or administrative charges payable by him from your wages. 4) Don't be a party to misclassification of allowances of your wages, with a view to avoid payment of Provident Fund.

 Marriage / Education  Treatment  Purchase or construction of Dwelling house  Repayment of Housing Loan  Purchase of Plot  Addition/Alteration of House  Repair of House  Lockout  Withdrawal Prior to Retirement  Other Advances

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Eligibility- · Certificate of damage from appropriate authority. · State Govt declaration. Eligible Amount-- Rs. 5000/- or 50% of member’s own share of contribution (To apply within 4 months) Form- No.31 Documentary Support- Certificate from the Appropriate Authority.

 Types of Benefit- Grant of advance to members affected by cut in the supply of electricity.  Eligibility-- The advance may be granted only to a member whose total wages for any one month commencing from the month January 1973 were 3/4th or less than 3/4 th of wages for month.  Eligible Amount-- Wages for a month OR Rs.300/-  Form- No.31  Documentary Support- Certificate from State Govt.  regarding cut in the supply of electricity.

 Types of Benefit- To Physically Handicapped member for purchase of an equipment required to minim the hardship on account of handicap.  Eligibility- Production of medical certificate from a competent medical practitioner to the effect that he is physically handicapped.  Eligible Amount- Basic wages+DA for six months or own share of contribution with interest or cost of equipment which ever isleast.  NOTE The amount of advance/withdrawal is not required to be refunded under normal circumstances. If the amount is not utilised, the same should be refunded with penal interest A fixed minimum balance in the account will be kept before arriving at the amount of advance admissible subject to the above conditions For calculation/ computing the period of membership U/P 68B, 68BB, 68K, total service exclusive of periods of break under the same employer before the scheme is applied to him, as well as period of membership of the fund is always included

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