Employees Provident Funds And Miscellaneous Provisions Act, 1952

Section - 6A - Employees’ Pension Scheme

[Employees’ Pension Scheme

6A. (1) The Central Government may, by notification in the Official Gazette, frame a Scheme to be called the Employees' Pension Scheme for the purpose of providing for—

(a) superannuation pension, retiring pension or permanent total disable­ment pension to the employees of any establishment or class of establish­ments to which this Act applies; and

(b) widow or widower's pension, children pension or orphan pension pay­able to the beneficiaries of such employees.

(2) Notwithstanding anything contained in section 6, there shall be established, as soon as may be after framing of the Pension Scheme, a pension fund into which there shall be paid, from time to time, in respect of every employee who is a member of the Pension Scheme,—

(a) such sums from the employer's contribution under section 6, not exceed­ing eight and one-third per cent of the basic wages, dearness allowance and retaining allowance, if any, of the concerned employees, as may be specified in the Pension Scheme;

(b) such sums as are payable by the employers of exempted establishments under sub-section (6) of section 17;< .... To read the full section download the app from Google Play store