(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).