Pension Fund contributions require timely employer remittance, government support, wage-ceiling limits, enhanced joint-option contributions, and transfer of former scheme assets. Pension Fund contributions require employers to remit 8.33% of employees' wages up to the notified wage ceiling within fifteen days after each month ... Summary
Pension Fund contributions require timely employer remittance, government support, wage-ceiling limits, enhanced joint-option contributions, and transfer of former scheme assets.
Pension Fund contributions require employers to remit 8.33% of employees' wages up to the notified wage ceiling within fifteen days after each month closes, while bearing remittance costs. The Central Government contributes 1.16% of members' wages, subject to a specified limit. Eligible joint-option members under the former 1995 Scheme attract an enhanced employer contribution of 9.49% on wages exceeding the specified threshold. Contributions are rounded to the nearest rupee, and net assets of the former Scheme transfer to the Pension Fund.
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