| Applicability |
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1) Every establishment which is a
factory engaged in any industry specified in Schedule
1 and in which 20 or more persons are employed and
2) Any other establishment employing 20
or more persons which Central Government may, by
notification, specify in this behalf. (Infancy period
of 3 years has been withdrawn by ordinance w.e.f.22-9-97)
3) any establishment employing even less than 20
persons can be covered voluntarily u/s 1(4) of the
Act. |
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| Eligibiligy |
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| 1) Any person who is employed for
work of an establishment or employed through contractor
in or in connection with the work of an establishment. |
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| Benefits |
|
| Employees covered enjoy a benefit
of Social Security in the form of an unattachable,
unwithdrawable (except employees and employers
contribute equally throughout the covered persons
employment. This sum is payable normally on retirement
or death. Other Benefits include Employes’
Pension Scheme and Employee’s Deposit Linked
insurance Fund. |
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| Penal
Provisions |
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| Liable to be arrested without warrant
being a cognisable offense. Defaults by employer
in paying contributions or inspection/ administration
charges attract imprisonment up to 3 years and
fines up to Rs. 10,000 (S.14.) For any retrospective
application, all dues have to be paid by employer
with damages up to 100% of arrears. |
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| Benefits
at a glance |
|
1. Advance for Purchase of Dwelling
Site.
2. Advance for Purchase of Dwelling House/flat.
3. Advance for Construction of a House.
4. Advance for Repayment of housing loan to State
Govt. housing board or any other govt. recognised
housing finance body.
5. Advance for IIIness viz. Hospitalisation for
more than month, major surgical operations or suffering
from TB, leprosy, paralysis, cancer, heart ailment
etc.
6. Advance for Marriage of Self/Son/Daughter/Sister/Brother.
7. Advance for Post MatriculationEducation of Son/Daughter.
8. Advance for Damage to the property Due to Natural
calamity (Flood Riot/Earthquake).
9. Advance for Member affected by cut in the supply
of electricity.
10. Advance for Member who is physically handicapped.
[ A member employee can also withdraw full amount
standing to his credit. in fund (para
69).....]
a) on Resignation.
b) On Retirement from the service on attaining the
age of 58 yrs.
c) on Retirement on account for permanent or total
incapacity to work.
d) immediately before Migration from India for permanent
settlement abroad or for taking upemployment abroad.
e) on Termination due to voluntary retirement Scheme,
retrenchment, closure of the factory/establishment.
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