Employees Pension Scheme of 1995

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Employees Pension Scheme of 1995:

This scheme is an updated version of the Family Pension Scheme of 1971, and strictly applies to it and to members of the Provident Fund Act after 16th November 1995. The Scheme is applicable to members of the Voluntary Retirement Scheme. Payments are provided under these conditions:

1. Retirement after age 58.

2. Retirement.

3. Permanent total disablement.

4. Death while during work.

5. Death during retirement or permanent total disablement.

6. Children's pension and orphan's pension.

Additional Readings:

1. Define the term 'Labor Welfare'
2. Theories about Conceptual Frame Framework of Labor Welfare
3. Basic Principles of successful Labor Welfare Programs
4. Explain the Factories Act of 1948
5. Explain the Employee’s State Insurance Act of 1948
6. Explain the Employee’s Provident Fund and Miscellaneous Provisions Act of 1952
7. List and Functions of Organizations that monitor Labor Welfares
8. Workmen’s Compensation Act of 1923
9. Employees Pension Scheme of 1995
10. Payment of Gratitude Act of 1972
11. Social Security System
12. Maternity Benefits Act of 1961
13. Welfare Measures at the Tata Iron and Steel Company

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