Pension scheme membership extends to wage-ceiling employees and prior pension participants, ending on prescribed cessation events. Membership covers employees entering the provident fund on or after notification where wages are within the Central Government-notified wage ceiling. It ... Summary
Pension scheme membership extends to wage-ceiling employees and prior pension participants, ending on prescribed cessation events.
Membership covers employees entering the provident fund on or after notification where wages are within the Central Government-notified wage ceiling. It also includes persons connected with earlier pension arrangements and existing provident fund members brought within a newly notified wage ceiling. Pension Fund membership continues only until the earliest occurrence of superannuation, withdrawal benefit, death, or pension vesting.
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