Capitalised value of employee benefits is calculated using the daily rate and age-based multiplication factor under social security rules. The capitalised value of permanent disablement benefit and dependants' benefit is calculated by multiplying the daily rate of benefit with the multiplication factor based on the age of the insured person or the dependants, as prescribed in the regulations made under section 157.
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Provisions expressly mentioned in the judgment/order text.
Capitalised value of employee benefits is calculated using the daily rate and age-based multiplication factor under social security rules.
The capitalised value of permanent disablement benefit and dependants' benefit is calculated by multiplying the daily rate of benefit with the multiplication factor based on the age of the insured person or the dependants, as prescribed in the regulations made under section 157.
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