Employees P.F. and Miscellaneous Provision Act 1952 (since amended). The Act Provides for monthly contributions by the employer plus workers @ 10% or 8.33%. The benefits payable under the Act are : (i) Pension or family pension on retirement or death, as the case may be. (ii) Deposit linked insurance on the death in harness of the worker. (iii) payment of P.F. accumulation on retirement/death etc.
Appears in 4 contracts
Samples: Punjab Rural Water Supply & Sanitation Project Agreement, Construction Agreement, National Competitive Bidding Agreement
Employees P.F. and Miscellaneous Provision Act 1952 (since amended). The Act Provides for monthly contributions by the employer plus workers @ 10% or 8.33%. The benefits payable under the Act are :
(i) Pension or family pension on retirement or death, as the case may be.
(ii) Deposit linked insurance on the death in harness of the worker.
(iii) payment Payment of P.F. accumulation on retirement/death etc.
Appears in 1 contract
Samples: Construction Contract
