• ORPHAN PENSION

  • (1) In case there is no surviving widow or widower at the time of the death of an employee, from the date following the date of his / her death, or otherwise the date of the death of the widow / widower, two of the eldest sons or unmarried daughters, as the case may be, till 'they attain the age of twenty five years and in the case of unmarried daughter till the date of her marriage, whichever is earlier, shall be entitled for orphan pension in lieu of children pension.

    (2) The amount of monthly orphan pension payable after the death of the employee or the widow / widower shall be equivalent to fifty percent of the amount of widow / widower pension 'or not less than rupees one hundred and ten for each orphan.

  • OPTION TO BE EXERCISED BY EMPLOYEE

  • (1) An employee entitled for pension under the provisions of the Scheme may opt at the time of making an application for pension in Form PS-6, either to draw ,-

    (a) the full admissible amount of pension; or
    (b) ninety percent of the total admissible amount of the pension till the date of his death; or .
    (c) ninety percent of the total admissible amount of pension till the date of his death, and eighty percent, of his total admissible amount of pension as widow / widower pension in favour of his / her wife/ husband during her / his 'life-time.

    (2) Where an employee exercises his option to receive ninety percent of the total admissible amount of the pension during his life time, then after his death, in addition to the widow / widower pension, and children pension or orphan pension, as the case may be, his / her nominee shall be entitled to receive in lump sum an amount equivalent to hundred times of his / her full monthly pension.

    (3) Where an employee under sub-paragraph (1) exercises option to receive ninety percent of the total admissible amount of the pension during her /his life time and eighty percent of the total admissible amount of the pension as widow / widower pension in favour of his / her wife / husband during her / his life time, then the nominee shall be entitled to receive an amount equivalent to ninety times of the full monthly pension after the remarriage or death of the widow / widower whichever is earlier.

    (4) The Option once 'exercised under this paragraph shall be final

  • EX-GRATIA PAYMENT

  • Where an employee before attaining the age of superannuation dies in service, an amount of rupees five thousand shall be payable in lump sum to surviving widow widower and in case there is no widow / widower, to surviving children in equal share, or where there no widow / widower and children to the nominee.

  • PAYMENT OF OUTSTANDING BENEFITS

  • (Where an employee dies in service or after Superannuation "or date of his retirement and certain amounts accrued under the provisions of this Scheme have not been paid, such amdunts shall be paid in equal share to the surviving widow / widower or in case there is no widow / widower, to surviving children in equal share, or where there is no widow / widower and children, to the nominee

  • ADMINISTRATION OF THE SCHEME

  • (1) An account called the "Pension Administration Account", for recording all the administrative expenses of the Scheme shall be maintained by the Commissioner in such manner as may be specified by the Board, with the approval of the Central Government. The Pension Administration Account shall contain such details as may be necessary to determine the sums payable by the Central Government for the administration of the Scheme in accordance with the provisions of section 3F. The liability of the Central Government to pay the expenses on administration of the Scheme shall be as decided by the Central Government from time to time.

    (2) All expenses for administering the Scheme, not including therein the cost of any benefit admissible under the Scheme, but including proportionate expenses of officers and in respect of employees, expenses for meetings of the Board and its committees, fees and allowances of Trustees, litigation expenses, hiring of services of experts, the cost of stationery, office equipment, furniture and rent for office accommodation, audit expenses and any other expenditure required for the purpose of giving effect to the - Scheme shall be debited to the Pension Administration Account. Where any services, supplies and buildings are utilized for the common purposes of the Scheme and the Provident Fund Schemes, the cost of such services and supplies and buildings shall be appropriated between the Pension Administration Account and the Administration Account of the Coal Mines Provident Fund by the Commissioner with the approval of the Board and the Central Government.

    (3) In case the sums made available by the Central Government under the provisions of section 3F for administration of the Scheme are found to be inadequate, the expenditure over and above such sums shall be met out of the Administration Account of the Coal Mines Provident Fund, including one time initial expenditure involved in implementation of the Scheme, with the approval of the Board of Trustees and the Central Government.

  • BUDGET

  • (1) The Commissioner shall place before the Board in January each year a budget showing separately probable receipts and expenditure which is expected to be incurred there from during the year commencing on the first day of April of that year. The Budget as approved by the Board shall be submitted for sanction to the Central Government before the fifteenth day of February each year. 3 Notification No. GSR 218(E) dated 22nd March 1999. 11 Notification No. GSR 108(E) dated 13th February 2003.

    (2) The Central Government may with or without any modifications 'sanction the Budget.

    (3) The commissioner may make budgetary re-appropriation of funds subject to the condition that the total budget sanctioned under sub-paragraph (2) is not exceeded. 'Such re-appropriation shall be placed by the Commissioner before the Board at its first meeting after such re-appropriation for its approval and the approval of Central Government shall also be obtained for the same before the expiration of the financial year.

  • AUDIT

  • The accounts of the Pension Fund shall be audited every year by the Comptroller and Auditor General of India.

  • ANNUAL AUDIT REPORT, BALANCE SHEET ETC.

  • The Commissioner shall place a report on the working of the Scheme relating to the previous year along with audited annual accounts at a meeting of the Board to be held before fifteenth day of November each year and the Board shall submit such report with the audited accounts to the Central Government for placing the same before Parliament by the end of December each year.

  • EVALUATION AND REVIEW OF THE PENSION FUND

  • (1) The commissioner shall be responsible for valuation of the Pension Fund every third year by an Actuary to be appointed by the Board. The recommendations of the Actuary shall be placed by the Commissioner before the Board.

    (2) The Commissioner may initiate action for enhancement and revision of the amount of family pension admissible under the Coal Mines Family Pension Scheme, 1971 and after approval of the Board may recommend to the Central Government for amendment in the provisions of this Scheme.

    (3) At any time, when the Pension Fund so permits, the Board on the recommendation of an Actuary may recommend to the Central Government and with its approval may amend the rates of contribution payable under the Scheme or the scale of any benefits admissible or the period for which such benefit may be allowed.

  • RECOVERY OF DAMAGES FOR DEFAULT IN PAYMENT OF CONTRIBUTIONS

  • (1) It shall be the responsibility of the employer to deduct from the salary of an employee the contributions towards the employee's share under the Scheme and remit the same to the Commissioner in Form PS - 5.

    (2) Where any employer makes a default in the remittance of any contribution to the Commissioner, the Commissioner shall be competent to recover damages for such delayed remittance on the rates specified in Schedule - 4

    (3) Where an employer makes default in remittance of any contribution to the Commissioner, such default in remittance on the part of the employer shall not make any adverse effect on the benefits admissible to an employee under the scheme.

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