5 Questions
What does 'actual service' refer to?
Period of service from a specific date to the date of exit from the employment
Who is considered an 'eligible member'?
An employee eligible to join the Employees' Pension Scheme
What is meant by 'contributory service'?
Period of service for which contributions have been made to the fund
Who does 'family' include in the case of a male member of the Employees' Pension Fund?
Wife
What does 'existing member' refer to?
'Member of the Employees' Family Pension Scheme, 1971'
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).
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.
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