OIL INDIA EXECUTIVE EMPLOYEES' ASSOCIATION

\311C4~ ~ ~ ~ ~(Registered under the Societies Registration Act XXI of 1860)

(mfll~R:\i1~~R ~ XXI 1860 ~ ~ <MRg)DULlAJAN, ASSAM, PIN 786 602

~fffl~I\i1H, ~, m 786602

REF: OIEEA/2017-19/CMD/ 122 Date: 15.06.2018

To

Chairman & Managing Director, OIL& Chairman, OIEP

Sub: Providing fresh chance for Change of Option of Contribution to

pension Fund under OIEPF (EPS 95)

Dear Sir,

You will be aware that, this sensitive issue has been under active

consideration of OILManagement since 2016 and Board of Trustee for OILINDIA

SUPERANNUATIONTRUST FUNDS could not take a conclusive decision despite

having the Hon 'ble Supreme Court of India verdict and legal opinion in favor of

providing fresh change of option for contribution to pension fund on the wages

exceeding the statutory ceiling.

Here we also take this opportunity to refer to the latest circular received by

us from the public domain of EPFO (Copy Enclosed) where by it has been directed

to all concern offices dealing with employee's pension to abide by the order of the

Hon'ble Supreme Court of India vide SPL 33032- 33033 of 2015 where it had been

clearly mentioned that from the deposit of the employer's share @12 % in the

Provident Fund on the actual salary exceeding the statutory ceiling, 8.33% of the

salary exceeding the ceiling amount can be diverted to the Pension Fund. This has

also been approved by MOL&E on 16.03.2017. Thus as per the verdict of the

Hon'ble Supreme Court of India as well as the approval from MOL&E, a member

contributing to the Provident Fund on the wages exceeding the statutory ceiling

cannot be debarred from exercising the option to contribute on such higher wages

to the Pension Fund and hence it is legally binding on the OIL INDIAEMPLOYEES

PENSION FUND (OIEPF) as well. Basic reason of the verdict of the Hon'ble

Supreme Court of India was that any benevolent scheme like pension ought not to

be allowed to be defeated by any cut off date to contribute on the wages exceeding

the statutory ceiling.

It is contrary to note that while a section of the active members of the OIEPF

are not being permitted to change the option of contribution to EPS 95 after June

2006 onwards and the provision of choosing option of contribution is however

kept open for the fresh recruitees as per the earlier decision taken by Board Of

Trustee on the 46th meeting held on 28th January ,2015 to avoid curtailment of

benefits for the new members w.e.f. 1St September 2014, which by itself is

contradictory.

We also understand that D(HR&BD)is trying to obtain AG's opinion in this

regard for last few months. Though this is an appreciable move, however the delay

in getting the opinion is actually making our members worried since some of them

had already superannuated or at the verge of being separated soon. They are

holding with a hope of the favorable decision to contribute to the maximum of

salary and as such many of them did not withdraw the PF fund till date. It is also

to be noted that though AG's opinion is desirable, it may not be hard and fast

since we are not contradicting with the Hon'ble Supreme Court's verdict and

obtained the Legal Opinion from learned counselor also.On the other hand, kindly

note that OIEEA being the initiator of the proposal and OIL Superannuation Trust

Funds Board being the approver, probably the AG's approval may not be

mandatory since the initiator and approver are not the same entity.

In a nut shell, the delay in the whole process is resulting in an unhappy

situation amongst a large group of executives & employees of OIL. It is our humble

submission and request that being your good self being CMD of the company and

also the Chairman of the Superannuation Trust Funds of OIL, we look forward and

appreciate for a conclusive decision from your end in the next Trustee Meeting in

favor of the executives & employees long standing wishes to allow for the change of

option of contribution on the actual wages exceeding the statutory ceiling.

~ Put U:.for your favora~ideratiOn and Oblig~bA

• ~ (RKSingh) (A Baruah)

Vice President, OIEEA Trustee Member, Trustee Member, OIEPF &

OIEPF President, OIEEA

LONG LIVE OIEEA

Copy: D(F)/D(HR&BD)/D(O)/D(ED) }

RCE /SECTY , OILSTF For Kind information

---*-*-Telephone: 26175212

cti~il,H ~ Rfil wrcR ( ~ mi ffl ~ . ~ mcfiT{ )

EMPLOYEES' PROVIDENT FUND ORGANISATION (Ministry of Labour & Employment, Govt. of India)

~ ~ I Head Office

~RN~. 14-~cmr~. ~~-11006"

Bhavishya Nidhi Bhawan, 14, Bh1ka11i Carna Place, New Delhi - 110 066.

No: ACC/HQ/ Pension/Distribution of~

To ~i<\

All Regional Provident Fund Commissioners

( In charge of Region }.

Dated:

0 8 JUN 1.0\8

Sub: DELAY IN IMPLEMENTATION OF HON'BLE SUPREME COURT ORDER ON PAYMENT OF

PENSION ON HIGHER WAGES - REGARDING.

Sir,

Attention is drawn to Head Office Circular dated 23.03.2017 vide which instructions

were issued to all field offices to take necessary action in accordance with the order dated

04.10.2016 of the Hon'ble Supreme Court in SLP No.33032-33033 of 2015 as approved by the

government and as per the provisions of the EPF & MP Act, 1952 and Schemes framed

thereunder.

2. However on review of the information received from field offices it is noticed that

following offices as mentioned below have reported for compliance on revised pension on

higher wages as referred above.

No. of cases revised for higher wages for the year ending 31st March 2018

SI. Name of the No. of Amount of Old New Pension

No Regional pensioners contribution & Pension Pension arrears paid

Office interest remitted to the

by the Pensioners Pensioners

I Kannur 183 338821 14 337419 1148500 47534174

2 Kochi 567 182526758 1043778 4602709 1911 38600

3 Kol lam 104 43545566 180086 987163 5177 1539 4 Kotta) am 69 26717760 128778 624129 27067764

5 Kozhikode 931 185579607 1977712 5838795 22384811 2

6 Trivandrum 1048 309607372 1903936 7796120 379563155

7 Coimbatore 3 1223888 6457 26642 562261

8 Chandigarh 19 10760076 34373 21 1428 1186290 I

9 Shim la 307 103484413 640179 2520034 100761400

Name of the No. of Amount of Old New Pension

So Regional pensioners contribution & Pension Pension arrears paid

Office interest remitted to the

by the Pensioners Pensioners

11 Bhatinda I 704682 18 16 9750 780047 12 Bhopal 9 2266369 15876 3420 1 1637433 13 Indore 10 32862 17 17976 73850 2229865

14 Hubli I 17577 2335 7002 158058

15 Guntur 295 77572487 550624 1851806 93120606

16 Jabalpur 23 4685 100 48856 173488 762630 1

Total 3570 985859986 6890201 25905617 1139662216

3. It has also come to notice that some offices have not complied the instructions of Head

Office based on the Hon'ble Supreme Court order d~ted 04.10.2016 as referred above on

revision of the pension on higher wages despite applica'tions received in this regard, by taking

the plea that reference has been made by those offices to Head Office and that reply has not

been received for the clarifications/ guidelines sought from Head Office.

4. In this context, the following observations may be noted:

i) Payment of benefits to the members of the EPS-95 have to be regulated as per the

provisions of the scheme and all concerned are required to comply with the said

provisions.

ii) The manual for settlement of pension alongwith the module for ca lculation in the

software has already been circu lated from time to time.

iii) Even prior to the Hon'ble Supreme Court order dated 04.10.2016 Pension cases on

higher wages were being settled as per the scheme provisions by utilizing the

existing software.

iv) IS Division has already clarified that the revision of pension on higher wages can be

processed by utilizing the 10D specia l module.

v) No instructions can be kept aside for compliance only on the ground that reference

has been made to Head Office for further clarification on assumption basis without

attempting to comply those instructions practically. Moreover, the revision of cases

as detailed out in Para 2 above clearly shows that many field offices are taking

appropriate actions on the detailed order of the Hon' ble Supreme Court duly

circulated by Head Office for compliance by utilizing t he provisions already existing

in the relevant software, whereas some offices are deliberately not taking any

action to revise the pension claims to eligible members by taking one plea or the

other.

vi) Field functionaries are expected to know the provisions of the Act and Scheme and

comp ly accordingly.

vii) Most of the references made to Head Office are sent directly bypassing the Zonal

Office and containing no recommendations / suggestions of RPFC-1 and Addl.CPFC

(Zone);

viii) Non-settlement of pension cases in respect of eligible members in light of the

Supreme Court order dated 04.10.2016 has not only put the concerned members to

inconvenience but may also amount to disobedience of instructions of Head Office

for compliance of the order of the Hon'ble Apex Court.

5. Therefore, it is once again directed to take appropriate steps to revise the pension cases

of all the eligible members as per the existing sof.tware and the provisions in the Pension

Scheme. All references made to Head Office on modalities of revision of pension as per the

Hon' ble Supreme Court order on the matter may be treated as disposed and Non est.

6. The number of grievances due to non-settlement of eligible cases is rising and it is made

clear that the concerned RPFC-1 / lncharge of the Region will be held responsible for denial /

delay in settlement of such cases to eligible app licants. If any applicant is found not eligible for

revision of pension as per Hon'ble Supreme Court order, the same must be conveyed to the

applicant within seven days of receipt of such request.

7. All the reference made to the Head Office on the issue of revision of pension on higher

wages are accordingly disposed of and in case any Field Office still requires any

clarification/guideline, specific query may be forwarded through proper channel to the Head

Office duly incorporating the observations/suggestion of RPFC-1/0IC and ACC Zone in this

regard.

Addi.Central P.F.Commissioner (Pension)

Copy to all Zonal Offices {lncharge of Zones) - for information with request to monitor

the settlement of cases as referred above.

tf,~T.ml ~ f.mi ~

( ~ ~ mrTR ~ \ffirf 'ITT<tiR I

EMPLOYEES' PROVIDENT FUND ORGANISATION (Ministry of Labour & Empl(1fment, Govt. of India)

~ ~ I Head Office

~m~. 14-~~u:m.~~-llCi(JM,

Bhavishya Nidhi Bhawan, 14, Bh1ka111 Cama Place, New Delhi - 110 066.

o: Pe'1s on-I/12/ 33/EPS Amendment/96/ Vol.II / (\ Dated: ~3-03-2017

,o, ~\~ All Regional P.F. Commissioner, <J .. Regional Office/Sub-Regional Office.

Subject - Allowing members of the Employees' Pension Scheme, 1995 the benefit of

the actual salary in the Pension Fund exceeding wage limit of either Rs.

5000 / - or Rs. 6500 per month from the effective date respectively as per

the Hon'ble Supreme Court's order in SLP No.33032-33033 of 2015 -

Regarding.

The matter of determ·nat;on of pensionable salary exceeding statutory wages ceiling

ano exerose of option under deleted proviso to Para 11(3) of the EPS, 95 was exam neo m t'le

;1ght of the Hon'ble Supreme Court's Order in SLP No.33032-33033 of 2015.

2) The Hon'ble Apex court in SLP No.33032-33033 of 2015 observed that the refere1ce

to the date of commencement of the Scheme or the date on which the salary exceeds t~e

ceiling limit are dates from which the option exercised are to be reckoned with for ca cu at1on o: pensionable salary. The said dates are not cut-off dates to determine the eligib1I t'y o: ·-e employer-employee to indicate their option under the proviso to Clause 11(3) of the Pe 5!

Scheme. It has further been observed that a beneficial Scheme, ought not to be allov-.ec :o :­defeated by reference to a cut-off date, particularly, in a situation where (as in tre :)-ese-:

case) the employer had deposited 12% of the actual salary and not 12% of the ce1 ng z

Rs. 5000/- or Rs. 6500/- per month, as the case may be.

In a situation where the deposit of the employer's share at 12% has oee- - ·-e actual salary and not the ceiling amount, the Provident Fund Commissioner cou d see· :: -e:: ... -"

of all such amounts that the concerned employees may have taken or withd-aw, :_o""" their

Provident fund Account before granting them the benefits of the prov so to Cla-SE : :(3 of the

Pension Scheme. Once such a return is made in whichever cases s_:- :=:--.. 1s due,

consequential benefits in terms of this order wil l be granted to tre sa·e; e--: - ees.

Thus a member contributing to the Provident Fu--c o- · --2 ~c;:s exceeo ng the

statutory ceiling or who had contributed to the Provident Fu G o- --e •.ages exceed,ng the

Statutory ceiling cannot be debarred from exerc1s '19 ~.,e c:J: o- :c co-~~ :J-~e C"' S-C" ii gher

wages to the pension fund. (Copy of the order of the Hon'ble Supreme Court enclosed) .

3) Accordingly a proposal was sent to MOL&E to allow members of the Employees'

Pension Scheme, 1995 who had contributed on higher wages exceeding the statutory wage

ceiling of Rs. 6500/- in the Provident Fund to divert 8.33% of the salary exceeding Rs 6500/- to

the Pension Fund with up to date interest as declared under EPF Scheme, 1952 from time to

time to get the benefit of pension on higher salary on receipt of joint option of the Employer

and Employee.

4) The MOL&E vide letter dated 16.03.2017 has conveyed its approval to allow

members of the Employees' Pension Scheme, 1995 who had contributed on higher wages

exceeding the statutory wage ceiling of Rs. 6500/- in the Provident Fund to divert 8.33% of the

salary exceeding Rs.6500/- to the Pension Fund with up to date interest as declared under EPF

Scheme, 1952 from time to time to get the benefit of pension on higher salary on receipt of

joint option of the Employer and Employee. (copy enclosed for ready reference}

5) The officers in charge of all field offices are directed to take necessary action

accordingly in accordance with the order of the Hon'ble Supreme Court in SLP No.33032-

33033 of 2015 as approved by the Government and as per the provisions of the EPF & MP Act,

1952 and Schemes framed there under.

(This issues with the approval of CPFC.)

Copy to:

Yours faithfully,

~ (Dr. S.K. Thakur)

Addi. Central PF Commissioner, HQ(Pension)

ACC HQ(IS) for information with request for making necessary

changes in the Software.

r

1

IN THE SUPR~ME COURT OF IN:JIA

crv:L APPELLATE JURISD:CTION

<'IV:'"I 1\.1:~EA_~ NO(Sj__ lUQl-~::10014 0~' L0j.j,

,;,.- L.-Hnq C'11t c,f SLP(C) Nos.33032 33033 of 20l~i}

1..;uPTA & -->R·' E'.::'C. ETC

VERSUS

•IGfCNli.:::.. I:-RvVH,EN1 FUND

~CMMI!."..:S-:::'JNER EMPLOYEES PROVIDEN'f

..lT!~~, ,..lkGANr·;ArroN & ORS ETC.

0 R D E R

rc,n, J"in+-cd

. AFPE:.LANr ~S)

RE~ PONDEN r ( S)

r_ ,, .._ hdl lt;:nq~ .u, the.,.;.~ appeals i._; to .:-,n

r. ~· i :' · r,·r e Judge t:y wh1 C"l th!'.' :.earnec SinJle

• ,.Hi-.J• ~.__.r1 J.11e·tu.i thut +-he app....:1lant-empl:iyees

t..~.1 • t_ °; ·~ lE:d t 1 the ler.t_•f1.t ... vf depc..s 1. t of

1 ,,f t .. £ ... r <iC'lt...3 l salary i.n t...r.e Pension :E 1..md

•1..nspt•ct1v, of the cc1l1..ng :.1m1.t The aforesaid

1.s out e,f tnc total of 12

wt.' c slare ~ndcL th~

r ..ir ••• L.,

•, r lV < 1 _: \. t

fc1cts lie wi.thin a short compass

~'" .r. the .: 9 5 2 Act , 1 C c,r ::.2 of the basic wages

.::..nc~udir.g dec1rness al:.owanre etc is required to be

G.Ppo~1te0. 1.. thl.! Provider.t Fund Account of .:i.n

Pnplcyt~e lwi.1q the e1.1ployeL s share The Act. as

t ht.• year did not. contain any

S...1b-sect1on 6A with which we

u.1e ( Jncer •• ed, was .::..nserted by ar. am0nd'Tl£:!nt w.e.f.

1~ 11 19<'.f~ r: r')v1..:iing to!'." t-he En,ploy~es' Pension

to bl.' fr ..1r1E:~ tor pdymt•n t .. ,:t pens1or t..>

r •t ir ~.h1 emp .. Lyet..s. The c0rpus of the pens.1.on fund

w, <:: to be ~r.te.r a...'..1.d 2cnsL.1tuLed by deposi.L of

d ',-;, vt ":hP <...•mployt.•r s 1....>ntr.:.bu• .::..vn under. Sectior.

... t .,e A·:.'t

wLi.ch d0..ils w1. tr •

... i0t0rn.1.r,...,.t..1.·.,~ ·,1. pc'n ,.10r.ubJ.c s, L . .11y

... t t.he the max.unum

f Pr1._,·o •• ublc .;,:.lary wa';, :.1:i,-'..ted Lv R::..~,ooa, whic..L

w e f (_,8 "- I ,c. ~o: A couple n, >r, t h5 1..t:le.r t.Le

,. •1-., L ,~ WJ.! frctrred •,1 , ! ::.f :J .99c

t• V ,n w,~ ahlec1 t I ~l,.u•.e 11'• w f t . - 6 . ::.· 3 .:.. (4 ') b

~-t: t:l. r.q an opt1.0n to the employer and <lrt

"'"ployee

R~ 5 C":,0/

tor contr.::.buti.on

01. Rs.6 500/·

ox. e x ceed1.ng

{w. e i 08.10.2001) per

,T<;,>Ilth 8.33 ot su .... h cor.t.r1.buti.or. on tu'!.l sa.lary

,.,_;.< r•"{lllr(d t') le rt-m1ttcd to th~1 Pension Fund.

l 'Ihe dppellunt· empluye~s c.>n the eve cf

•- t. , , r rt> t 1 rem1=n t. .::. . e sowet 1mp in t.he yecn 20u')

• 1.;0k .. r. , p u a +-hat +:he prov 1. so .or,.:,ugh t. in by lhc

• 1:•r. irrc-.1t c.1f 1996 was r,ot withi.n tt.e::..r knowledge

thc•refore, they may be g~ven the benef1.t

• 1",CI.t;.>r f , t>dr t .... cu.: 1.t 1 1 the emp!.oyer s

r1r, tr i..t..u t 1 or1 under the A~• r.dc, beer. or> actual

L1L1 CJ/- or 6 ~ .u' f,Pr m:n:Lh. dS the CdSe

' ... ht

l'' r I At t bn _·r-~...-·or, lhe grC'U"1'1 t.hd ~ the prov1 so ... ~' l l. L l,:. E •.J

t idtP of ~urnmencerrent c.,f S-..:heme or frorr

~r<' JatP ,..h~ r,a ... ary exceeded t:t.e .::e1linq amount of

r G i; 'r;/ pC> r m.:>r1 tr, as mcty b~. As t~e

4- t r1t if-pl•l tant e;:r.F,-' '1:.'ec WctS subsequent

+- .. t.l! ::,awe c..:ar.not bP

uppcl luI,t-employe(.;S moved

t CH' Court. unch ... r Art ... ....:le 226 uf Lhc

~vr,c-l L1-_~ .. 1. ... r.i

,-Jr 1 t. f.,et1 t10r. 1.r. tdv.:,ur of the i.ppt. L lc1nt-employees

,ttd.kJ.r,-i it. ... ~1P ... 1t: that thP <lP"i.s~..:-n would not serve

1 •• d p.r:t•c:edent. tc.,r tr.E future ':'r.<> :, 1 v::. s 1.on Bench

r ) 1'l 8 l ( 3) of the Pen 51.on ~cr,t":r,t:>

.. ,t 1t f id+-

t We> h •vc heurd tl.EJ :E. drnt.::d c:c.,unsels fen; the

v.e, r.c1ve 1.ead ar..J c ,r .. 1 !t.-.n•ri tJ-.c· c.,rder£ of

.: l. .. rt 0£ th•.2 Act, U.;:,

It ,?v1dcn .. 1' ,.ad Schem'"' clS tne relevar.t

I ! >Vl.r:l 1,c c:.,t trH Pens ... ,.,r, Schnrr,r

::L.ni. . .:e 11 (3) c...f th~ It.•n· l•Jn ScLe1,v.; 1...,

.. - ,r

,e flll ... )wir. ..,

·ms

1£ [hterm1nation ot P{.;r,1c..r..!ble ~alc1ry.

XXX XXX

.r ... ~ :. :1x.:..1r 11m pC'nsior .. :u -'- ~ 1l<1ry !'la.ill l:e

~ l.W.l. t.E:>...t ~ Lr upee5 ""1.x +-}.~ usc1nd cH,d t 1. ve

r .. , r d"" t-• 11 1-< • f, '>" ( j ' per 1c r ~ •,

~ ~,.. ... Jc ,t that. .:..i a-: tl-.t.

emp::..,,yer. and employee, contr1oution pa 1.d on

salary exceeding [ rupees six thousnnd and

f1ve hund~ed/Rs 6,500/] per mnnth from the

d 1tf" f ,·~,rmncnc.emer.t -:.>f t.h~~ SchE:>me or from

thE> d f- sa::.<1ry ex~eeds frupee5 s.1.x ti-1011,-n,1 tna ~ive hund:ed/Rs 6,r>OO/-J

wl1~ :h~vt:..:r 1.s lut~x, a.,J 8 J3 per cc.int sha:rc.

of the• err,ployt•rs t hPn ot ~s rem1. t t< d .... nto

+-t.e P0ns~or curd, p0ns.1onnb:.t .alary <1hal: ..

be- b 1. e '1 r n '1UC''.. h1.ghf>z: s i. la:r y J

Rt. u.'l ... ng t.he pr..>v.1.so, WP iinc-! t h,l t

t ... tht.) u~te of conm.en~err.Prlt. of r.he Srl.emP

...... t u r f'

d J i..1 t l , .... rt '"U t v ff. du tu? tc

t.P:tf'",~ lC ~ l 1g ~t 1 :.. Ly Ji U-,ti ernp loyer -emp .... oyPt

t hl .L :r: opL.u1n the prov1 ~o to

~ 1 ( tl·,e Pens1.on A somewhc.1t

, L_.~ vtc.w t.ic1t h :s ceer. t.dkPn 1:-y t.h1.s Court .u. c1

1 t t, r , · orr. 1. r "-' ~ourt, wncr1;.;in

. . . t'P~~tior. Ne .. .., ( 7 4 'J t 2. _ 4

.. l.c d L'Y tr t' Fl q .l<.i. P:r:c>v LdE·,1• F" r. l '~VrUT .l.b! L.,nt.·r

.-; r(',E:•c+-t> 1 l y .. t t ' ( ~ , r .. (.,',' ,'I d<..:l'. cl<l t ed

u L. ' f- r _•r.E t ... l; l. <1 ~ S,..hc rr 4?. "ur 0n s i.,ic' r f_•Cl

'~ f ,,., , c~., t L ,t t ( bE l 11 CW(. ..! t1.. r,, ,h_. t Pelt Pd ty

+-t:.:at', : ' . + CL -:ut <>t f dct t• f-

~ ~ 11 d::- 1 y 1n <.i ' . ' -

=--=- -_ : -~ - - ---=..=:--=--_ __ ---:_ . ~

,-

I,

> L t1 ... a +- iv! where (as ir, the present case)

t> ,plvyer hud depos.i. t.cd ::.2 of the a,.;t Udl saL1ry anct

r )t !.L'.. 0f thE' ce1 ling l Lmi t of Rs.!:,, COO/ - or

R~ 6,SCU/ per month, as the ~ase mdy be.

) A further drgument has been made on bch..1lf

of. t.he frov1.dent' Fund Comm.:..ssioner that the

..1rpe ll.ur, t err,ployees haa dlready exercised their

of,U >n i...naE'r paragraph 26 ( 6) of the EmployN!S ·

Pr<'v1.cier.t Funds Sch~rne. Pdragraph ?t, (6) l.! in the

I •

r eq•. ~ red to

XXX

of

Join

Pmp:.oyees

the funa

XXX

entitled and

XXX

(b} Nc.,twithstanding ,rnytrnng contu.i.ned .1.n

this pen ctgraph, cin officer not below the

t:dnk ,,.)f an Ass1.stant. Prov ... dent Fund

C:0TT1IP1 s tor.er may, on tht 101.nt request 1.n

wr i t.i.r,1..1, ot any employee of c1 factory 01

oth0r ~t.ablishment tJ wh1.-::r lh.1.s Scheme -~~--...i.ppl:.<.•', ~, d h.1.s emi:,loy<·r. enr,..,11 such

emp:oy{1c as d member er allow him to

..:ontr.ibute rr.or~ than [~ ix th.>1.1sa.nd five

t,undr:ed :rupees J of his pay per mvr, th if he

J..5 alr0ddy a n,ember of the fund and

thert upon surh crrp:cyee sh..,.l.: be> P.1 .. :i t-;..ed

ti') thC' bPnef.it~ dn-i sha ... l be r;utJGct t.o ':.t"E:·

.:onJ~t 'Hl~ of the fund pr0v1ded tl1dt tlw

E:-'rp 11..,yt:·r

t..i l t 1,•

q.ives

h l l l

• ( ._) L

., ' '

undert.ak1na d. wr1.t1nq

c1 Jmu11. ~ tr: a ti ve

,, ' 1

-

... a.

<'harge! payable ar,d sha 4 t C"omply

~t<ltu•ory pr~visio~s in respect f 11'p • ">yeE'!]

Wl. th all

of s u ch

We d; n<>t. see how ~"xerc1.se of c.,ption under

p 1raqraph .16 of thv Provident Fund Scherr.e can be

1 • .1orn..,t.:r: Ut.. :i to est.op t.he employees from exer cising a.

4m1 la I upt1.0n ..inder paragraph 1: (3) If bo t h the

PrlPJ. ,ytc2r. ..1nd the employee opt fur deposit agd1.nst

t !"ll •·al<lry and not

,f opt.~on under par3qruph 26 of

trc,v.t.dPn .. S..:heme 1.s inev ... tc1ble> Exerc1sc of the

)f- t ;fl -...rJer paragraph 26 ( 6) 1S necessary

prec;.JL~~or to the cxe:r:c 1.s~ of: option under c:uuse

• L ( i) Ex .. •.cc.1.sf-> of suc:h vpti0n, t.nerefo:::0. wou!.-:i

• )t torec-lo['e the exci:ci&e ct ,i, furthe>:r:: optio.1

L!1.cii;:!r t· d'l~...: ll (3) of the Pens1or, Srhemp unless the

'' 4

. .. ,r

.., 1rrant.1ng

~arlv ... r,a1cuted

s~ch f::,rec:losure

·rt.£' ab,Jve upurt ::.n a &1tuatior, whei:e thl

has b~·E>n on

trst:.' ccictucil >(ilu:ty ciI,r:l. not thP t('LJ1nq amou11t., ·,:e ct .. ,

r, t ·,• • L w • t • ~ .cov.1.dent I:un 1 Comm~s~.1.cner: coul,:i

•. ..iv, t f..'( r . ...1-rqr i(•ved to fl.le thu L P A. hefort! the

All that. the

i rov1ut:>.1t Fund Coxruniss.1or.er ts rE::!qu.1red to do .1.n

tn( ~use 1.s an ad1ust.ment of accounts which in turn

WC,'l C.uV1;.. buricf ~ .. tcd !:>Offi~ Of th._-. employ(•f•S At

~ (•._,t whclt the P.tov.1.dPnt Corr.missioner cou:.d do crnd

w.1H 1- WP f<.'tnnt. h1.rr t.0 ,i,) under the pr:csent. order:

,i..ch amount~. t:.t.u L th\:.!

r, • rnPJ E .q . .:.oyet·G cr <lY hdve t ux:c.c11 c...z: w.1. t.hdrdwn

.~-. t!"t: 1r Prcv1.dent Fund Acccur,L befurt> g.t:dnt1nq

.. r.em: t ~., 1: Pr.E•tJ t of. the p.tovi"'o to Cl<1usc :1 (3) of

,'nc£> :;•1ch a rpturn 1.s rr,d ie 1.1.

wt..i. :t,\.re::: r:<l ,PS such return 1s due, ronsequential.

t • ,i t ' ~r. t-prrrs cf th~s c ru,..>r w1.l.:. be gr:unted t ...

· ,·,r,E!quent ly ---'":':'~Jt

,r.1 a. l u;t,t thp dl:>ove, W(•

... ~ .1.

1.)W t-LE•rc •ffe.i.ls .:in,1 r-'E't il~l.it> tL., .1i:der ui t:.nt

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(RAN.TAN COGOI;

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JJJgment d~ct ~rder ~ated

41212(.'~.t f-1r:.ed t,y th,;

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Hlgh C'vJtl

1'!.n~·l, ~ Ir..ide::h c.1t ..,hirnla)

, 'PTA bo npf

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Arihi ty;. !'t,c1wan Adv

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'r './_, dY :tk .3h•::k::.d Ah

"lr l <.1 r,k< 1., l 1 ,\ h

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"lr A 1.:l't •,r::..nkat ! ... l.a l A'lv Mr ..:•_....v ... 0.1+-t. M - i,Jv ~-i;4l.

Pc-h.tioncr {.,)

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