Deposit-linked Insurance Scheme established for coal mine employees, with employer and government contributions and Board administration. The Coal Mines Deposit-linked Insurance Scheme empowers the Central Government to notify a life insurance scheme for employees under the Coal Mines Provident Fund Scheme, establishes a Deposit-linked Insurance Fund funded by employer contributions based on basic wages, dearness allowance and retaining allowance, and requires a matching Central Government contribution of one-half of the employer contribution subject to appropriation. Employers may pay additional sums for administration expenses with the Central Government matching half those sums; the Fund vests in and is administered by the Board and schemes may provide for matters in the Third Schedule.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deposit-linked Insurance Scheme established for coal mine employees, with employer and government contributions and Board administration.
The Coal Mines Deposit-linked Insurance Scheme empowers the Central Government to notify a life insurance scheme for employees under the Coal Mines Provident Fund Scheme, establishes a Deposit-linked Insurance Fund funded by employer contributions based on basic wages, dearness allowance and retaining allowance, and requires a matching Central Government contribution of one-half of the employer contribution subject to appropriation. Employers may pay additional sums for administration expenses with the Central Government matching half those sums; the Fund vests in and is administered by the Board and schemes may provide for matters in the Third Schedule.
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