Pension contribution defaults may attract recoverable damages at rates prescribed under the provident funds scheme. Default in payment of contributions to the Pension Fund, or charges payable under the Code or the Employees' Pension Scheme, 2026, may attract damages ... Summary
Pension contribution defaults may attract recoverable damages at rates prescribed under the provident funds scheme.
Default in payment of contributions to the Pension Fund, or charges payable under the Code or the Employees' Pension Scheme, 2026, may attract damages recoverable from the employer. The Central Provident Fund Commissioner or an authorised officer may levy and recover such damages at the rates specified in the Employees' Provident Funds Scheme, 2026.
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