THE COAL MINES PROVIDENT FUND AND MISCELLANEOUS
PROVISIONS ACT 1948,
(3) Where any employee who is a subscriber
to any provident fund of an establishment (not being a coal
mine to which the Coal Mines Provident Fund Scheme applies)
leaves his employment in that establishment and obtains re-employment
in a coal mine and becomes a member of the Fund, the amount
of accumulations to the credit of such employee in the provident
fund of the establishment left by him shall, if the employee
so desires and the rules in relation to such provident fund
so permit, be transferred to the credit of his account in
the Fund.
'[3-E. Coal Mines Family Pension
Scheme. -(1) The Central Government may, by notification
in the Official Gazette frame a scheme to be called the Coal
Mines Family Pension Scheme for the purpose of providing family
pension and life assurance benefit to such employees as are
covered by the Coal Mines Provident Fund Scheme.
(2) There shall be established, as soon
as may be after the framing of the aforesaid Scheme, a Family
Pension Fund into which shall be paid from time to time in
respect of every such employee-
(a} such portion, not exceeding one-fourth,
of the amount payable under subsection (1) of Sec. 10-D as
the employer's contribution as well as the employee's contribution,
as may be specified in the said Scheme, and
(b) such sums, being not less than the aggregate
of the amount payable in pursuance of Cl. (a) out of the employer's
contribution under sub-section (1) of Sec. 10-D and an amount
equivalent to one-sixteenth of the employer's contribution
under that sub-section in respect of such employee, as the
Central Government may after due appropriation made by Parliament
by law in this behalf, specify,
(3) The Family Pension Fund shall vest in and be administered
by the Board.
(4) Any scheme framed under the provisions
of sub-section (1) may provide for all or any of the matters
specified in the Second Schedule.
3-F. Special grant by Central Government.-The
Central Government shall, after due appropriation made by
Parliament by law in this behalf, pay such further sums as
may be determined by it into the Family Pension Fund to meet
all the expenses in connection with the administration of
the Coal Mines Family Pension Scheme other than the expenses
towards the cost of any benefits provided by or under the
said Scheme.]
2[3-G. Coal Mines Deposit-Linked
Insurance Scheme.-(1) The Central Government may,
by notification in the Official Gazette frame a scheme to
be called the Coal Mines Deposit-Linked Insurance Scheme for
the purpose of providing life insurance benefits to such employees
as are covered by the Coal Mines Provident Fund Scheme.
(2) There shall be established, as soon
as may be after the framing of the Insurance Scheme, a Deposit-Linked
Insurance Fund into which shall be paid by the employer from
time to time in respect of every such employee, in relation
to whom he is the employer, such amount, not being more than
one per cent, of the aggregate of the basic wages, dearness
allowances and retaining allowance (if any) for the time being
payable in relation to such employee, as the Central Government
may. by notification in the Official Gazette, specify.
Explanation.-For the purposes of this sub-section,-
(a} the expression "basic wages" has the
meaning assigned to it in the Employees' Provident Funds and
Miscellaneous Provisions Act, 1952 (19 of 1952);
(b) "dearness allowance" means all cash
payments, by whatever name called, paid to an employee on
account of a rise in the cost of living and shall be deemed
to include also the cash value of any food concession allowed
to the employee :
1. Ins. by Act 16 of 1971, Sec. 8 (w.c.f. 23rd April. 1971).
2. Ins. by Act 99 of 1976. Sec. 7 (w.c.f. 1st August. 1976).
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