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Questions and Answers
What does 'actual service' refer to?
What does 'actual service' refer to?
- Period of service from a specific date to the date of exit from the employment (correct)
- Period of service from the date of birth to the date of exit from the employment
- Period of service from the date of joining any establishment to the date of exit from the employment
- Period of service from the 16th November, 1995 to the date of exit from the employment
Who is considered an 'eligible member'?
Who is considered an 'eligible member'?
- An employee who has contributed to the fund for a certain period
- An employee eligible to join the Employees' Pension Scheme (correct)
- An employee who has served for a specific number of years
- An employee who is eligible for retirement benefits
What is meant by 'contributory service'?
What is meant by 'contributory service'?
- Period of service after reaching a certain position in the establishment
- 'Actual service' rendered by a member for which contributions have been received
- Period of service for which contributions have been made to the fund (correct)
- Period of service recognized for retirement benefits
Who does 'family' include in the case of a male member of the Employees' Pension Fund?
Who does 'family' include in the case of a male member of the Employees' Pension Fund?
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What does 'existing member' refer to?
What does 'existing member' refer to?
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Study Notes
Employees' Pension Scheme, 1995
- The Employees' Pension Scheme, 1995 was established by the Central Government under Section 6A of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952.
- The scheme came into force on 16th November, 1995.
- Employees have the option to join the scheme from 1st April, 1993.
- The scheme applies to employees of factories and establishments covered by the Employees' Provident Funds and Miscellaneous Provisions Act, 1952.
- The Act referred to in the scheme is the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952).
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Test your knowledge on the short title, commencement, and application of the Employees' Pension Scheme, 1995, as per the Employees' Provident Funds and Miscellaneous Provisions Act, 1952.
