Objective : Employees covered enjoy a benefit of social security Eligibility: Every employee becomes eligible for joining the

scheme from the date of joining the service Benefits : Employees provident fund scheme takes care of following needs of the members; (1) Retirement (2) Medical care (3) Housing (4) Family obligation (5) Financing of insurance polices Contribution Rate Both the employees and employer contribute to the fund at the rate of 12% of the basic wages, dearness allowance and retaining allowance allowance,if any payable to employees per month Contribution Period: Contribution for the current month is deposited in the subsequent month Annual Contribution for the Period Is from 1st of march to 28/29 Feb Annual Statement of account: As soon as possible and after the close of each period of currency of contribution, annual statements of accounts will be sent to each member through of the factory or other establishment where the member was last employed. The statement of accounts in the fund will show the opening balance at the beginning of the period, amount contribution during the year, the total amount of interest credited at the end of the period or any withdrawal during the period and the closing balance at the end of the period. Member should satisfy themselves as to the correctness of the annual statement of accounts and

any error should be brought through employer to the notice of the correctness Provident Fund Office within 6 months of the receipt of the statement. Nomination: The member of Provident Fund shall make a declaration in Form 2, a nomination conferring the right to receive the amount that may stand to the credit in the fund in the event of death. The member may furnish the particulars concerning himself and his family. These particulars furnished by the member of Provident Fund in Form 2 will help the Organization in the building up the data bank for use in event of death of the member. Transfer of Provident Fund account: Transfer of Provident Fund account from one region to other, from Exempted Provident Fund Trust to Unexempted Fund in a region and vice-versa can be done as per Scheme. Transfer Application in form 13 may be submitted to the concerned Provident Fund Office. Withdrawal before retirement: A member can withdraw up to 90% of the amount of provident fund at credit after attaining the age of 54 years or within one year before actual retirement on superannuating whichever is later. Claim application in form 19 may be submitted to the concerned Provident Fund Office. FAQs Is employee the only beneficiary of Fund? Benefit will be paid to him/her and in his/her absence to his/her family What is meant by Family? Family means employees' spouse and children below 25 years of age.

Suppose an employee does not have a Family and he/she dies before receiving benefit. Does his/her pension get lost? No, if he/she does not have a family, benefits will be paid to his/her nominee, who will receive the benefit in his/her absence. Suppose member has not nominated anyone? The pension will be paid to the dependent parents. Can member change his/her nomination? He/She can change his/her nomination whenever he/she decides within the framework of rules for such nomination. In other words if he/she has a family, nomination should be in favor of a member(s) of the family. If he/she has no family he/she can nominate anyone he/she wishes. How many years service is required to be eligible to receive member pension?

Minimum 10 years eligible service will entitle for member pension. What is the time taken for disposal of the application in the Provident Fund office? The claims received complete in all respects are disposed off within a maximum period of 30 days from the date of receipt of claims in the office.. What is the voluntary rate of Provident Fund contribution by the member? As per the Act, the member has to contribute at the rate of 12% of his basic pay, D.A. & retaining allowance if any. In case the member wants to contribute more than this, voluntarily he can do so at any rate he desires. i.e. upto 100% of basic and D.A. But the employer is not bound to contribute at the enhanced rate.

68 K : ADVANCE FROM THE FUND FOR MARRIAGE

l Advance from the fund for Marriage of self/son/daughter/ sister/brother etc. l Advance from the fund for education of Son/Daughter 68L : ADVANCE IN ABNORMAL CONDITIONS

l 7 years membership of the fund & minimum balance in members account should be Rs. 1000/-

l 50% of members own share of contribution

No.31

Declaration by the member which is attested by the employer.

No.31 Grant of advance in abnormal conditions, l Certificate of damage from appropriate l Rs. 5000/or 50% of members

l Certificate from the Appropriate Authority.

Natural calamities etc

authority. l State Govt. declaration

own share of contribution (To apply within 4 months)

68 M : ADVANCE TO MEMBER AFFECTED BY CUT IN THE SUPPLY OF ELECTRICITY Grant of advance to members affected by cut in the supply of electricity

l The advance may be granted only to a member whose total wages for any one month commencing from the month of January 1973 were 3/4th or less than 3/4th of wages for a month

l Wages for a month OR l Rs.300/-

No.31

Certificate from State Govt. regarding cut in the supply of electricity.

68 N : GRANT OF ADVANCE TO MEMBERS WHO ARE PHYSICALLY HANDICAPPED To Physically Handicapped member for purchase of an equipment required to minimize the hardship on account of handicap.

Production of medical certificate from a competent medical practitioner to the effect that he is physically handicapped

Basic wages+ DA for six months or own share of contribution with interest or cost of equipment which ever is least.

No.31

Certificate from the Medical practitioner to the effect that the member is physically handicapped..

Contribution , Collection & Period Contribution

E.S.I. Scheme being contributory in nature, all the employees in the factories or establishments
to which the Act applies shall be insured in a manner provided by the Act. The contribution payable to the Corporation in respect of an employee shall comprise of employers contribution and employees contribution at a specified rate. The rates are revised from time to time. Currently, the employees contribution rate (w.e.f. 1.1.97) is 1.75% of the wages and that of employers is 4.75% of the wages paid/payable in respect of the employees in every wage period. Employees in receipt of a daily average wage upto Rs.40/- are exempted from payment of contribution. Employers will however contribute their own share in respect of these employees. Wage ceiling for coverage increased to Rs. 10,000/- w.e.f. 1st April,06 Collection of Contribution An employer is liable to pay his contribution in respect of every employee and deduct employees contribution from wages bill and shall pay these contributions at the above specified rates to the Corporation within 21 days of the last day of the Calendar month in which the contributions fall due. The Corporation has authorized designated branches of the State Bank of India and some other banks to receive the payments on its behalf. Contribution Period and Benefit Period There are two contribution periods each of six months duration and two corresponding benefit periods also of six months duration as under. Contribution period 1st April to 30th Sept. 1st Oct. to 31st March Corresponding Cash Benefit period 1st January of the following year to 30th June. 1st July to 31st December of the year following

Benefits under the ESI Scheme The section 46 of the Act envisages following six social security benefits :a. Medical Benefit b.Sickness Benefit Extended sickness Benefit(ESB) Enhanced Sickness Benefit c.Maternity Benefit(MB)

d.Disablement Benefit e.Dependant's Benefit(DB) f.Funeral Expenses An interesting feature of the ESI Scheme is that the contributions are related to the paying capacity as a fixed percentage of the workers wages, whereas, they are provided social security benefits according to individual needs without distinction. Cash Benefits are disbursed by the Corporation through its Local Offices LOs/ Mini Local Offices (MLOs)/Sub Local Offices SLOs)/pay offices, subject to certain contributory conditions. In addition, the scheme also provides some other need based benefits to insured workers. These includes : Rehabilitation allowance & Vocational Rehabilitation TYPE OF MEDICAL BENEFITS PROVIDED The Employees State Insurance Scheme provides full medical care in the form of medical attendance, treatment, drugs and injections, specialist consultation and hospitalization to insured persons and also to members of their families where the facility for Specialist consultation, hospitalization has been extended to the families. For the families, this benefit has been divided into two categories as under:FULL MEDICAL CARE This consists of hospitalization facilities and includes specialist services, drugs and dressings and diets as required for in-patients. EXPANDED MEDICAL CARE This consists of consultation with the specialists and supply of special medicines and drugs as may be prescribed by them in addition to the out-patient care. This also includes facilities for special laboratory tests and X-Ray examinations. Apart from the curative services provided through hospitals and dispensaries, the Corporation also provides the following facilities including family welfare services. IMMUNIZATION The Corporation has embarked upon a massive programme of immunization of young children of insured persons. Under this programme, preventive inoculation and vaccines are given against diseases like diphtheria, pertusis, polio, tetanus, measles, mumps, rubella, tuberculosis etc. Temporary disablement benefit(TDB) Permanent disablement benefit(PDB)