EPF - Non-refundable advance to a member in case of continuous unemployment for a period of not less than one month: Notification

EPF - Non-refundable advance to a member in case of continuous unemployment for a period of not less than one month: Notification

The Gazette of India
EXTRAORDINARY
PART II-Section 3-Sub-section (i)
PUBLISHED BY AUTHORITY
No. 872] NEW DELHI, FRIDAY, DECEMBER 7, 2018/AGRAHAYANA 16, 1940

MINISTRY OF LABOUR AND EMPLOYMENT

NOTIFICATION

New Delhi, the 6th December, 2018

G.S.R. 1182(E).- In exercise of the powers conferred by section 5 read with sub-section (1) of section 7 of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), the Central Government hereby makes the following Scheme, further to amend the Employees' Provident Funds Scheme, 1952, namely:-

1. (1) This Scheme may be called the Employees Provident Funds (Amendment) Scheme, 2018.
(2) It shall come into force from the date of its publication in the Official Gazette.

2. In the Employees' Provident Funds Scheme, 1952, after paragraph 68H, the following shall be inserted, namely:-

"68HH. Non-refundable advance to a member in case of continuous un-employment for a period of not less than one month.- The Commissioner or, where so authorised by the Commissioner, any other officer subordinate to him, may permit a member, on ceasing to be an employee in any factory or establishment to which the Act applies, a non-refundable advance upto seventy-five percent of the amount standing to his credit in the Fund, if he has not been employed in any factory or other establishment for a continuous period of not less than one month immediately preceding the date on which he makes an application for such non-refundable advance.".

[F. No. S-35012/8/2018-SS-II]

R. K. GUPTA, Jt. Secy

Note: The principal Scheme was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number S.R.O. 1509, dated the 2nd September, 1952 and was last amended vide number G.S.R. 436(E) dated the 4th May, 2017.

Source: labour.gov.in

Read More

Deposit Linked Insurance (Amendment) Scheme 2018

Deposit Linked Insurance (Amendment) Scheme 2018

MINISTRY OF LABOUR AND EMPLOYMENT

NOTIFICATION

New Delhi, the 15th February, 2018

G.S.R. 170(E). - In exercise of the powers conferred by section 6C read with sub-section (1) of section 7 of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), the Central Government hereby makes the following scheme, further to amend the Employees' Deposit Linked Insurance Scheme, 1976, namely:-

1. (1) This Scheme may be called the Employees' Deposit Linked Insurance (Amendment) Scheme, 2018.

(2) It shall come into force from the date of its publication in the official gazette.

2. In the Employees' Deposit Linked Insurance Scheme, 1976, in paragraph 22, -(1) in sub- paragraph (3), for clause (i), the following shall be substituted, namely:-

"(i) the average monthly wages drawn (subject to a maximum of fifteen thousand rupees), during the twelve months preceding the month in which he died, multiplied by thirty times plus fifty per cent. of the average balance in the account of the deceased in the Fund or of a provident fund exempted under section 17 of the Act or under paragraph 27 or 27A of the Employees' Provident Funds Scheme, 1952, as the case may be, during the preceding twelve months or during the period of his membership, whichever is less subject to a ceiling of one lakh and fifty thousand rupees:

Provided that the assurance benefit shall not be less than two lakh and fifty thousand rupees:

Provided further that the assurance benefit shall not exceed six lakh rupees:

3. The provisions of the first proviso of clause (i) of sub-paragraph (3) of paragraph 22 shall be in force for a period of two years from the date of publication of this Scheme in the Official Gazette."

[F. No. S-35012/8/2017-SS-II]

S/d,
R. K. GUPTA,
Jt. Secy

Read More