Provident Fund. (1) The Provident Fund for the Clothing Industry (Free State and Northern Cape), (hereinafter referred to as the "Northern Chamber Fund"), originally established on the 1st pay day in September 1971 in terms of Government Notice No' R. 321 dated 1 March 1974, is hereby dissolved.
Provident Fund. (a) While the employees who are presently covered under the Pension Scheme and those who will join the Pension Scheme in terms of option being made available under Settlement dated 27th April, 2010 shall continue to contribute 10% of the Pay towards Provident Fund, there shall be no matching contribution.
Provident Fund. A fund established in India under the Provident Fund Act of 1952 or the Employees’ Provident Funds and Miscellaneous Act of 1952 to provide current and former employees of Indian employers retirement benefits in consideration for services rendered, provided that fund:
Provident Fund contributions for employees employed under the Newly Employed Employee Concession (NEEC) payable to the Council shall amount to the following:
Provident Fund. The Contract Labour employed by the various Contractors in connection with the work of the Company are eligible for membership of Employees Provident Fund/ Employees‟ Pension Scheme. Contract Labour shall be eligible and required to become a member of the Provident Fund / EPS from the date of joining. The Contractor‟s worker shall subscribe to the fund a sum equivalent to 12 % of the wages including Dearness Allowance rounded to the nextto a Rupee. The Contractor shall also contribute a sum equal to the total of each such compulsory subscription every month plus allied charges like DLIS & administrative charges etc. The Contractor must submit a statement in duplicate to P&A Deptt. showing the details of worker's wages paid for the month/deductions made from the wages on account of PF and EPS separately and deposit such deductions along-with equal subscription by the contractorby 10th of the subsequent month along-with the proportionate administration/ inspection charges as per PF rules and shall submit Proof of the same in the prescribed formats.
Provident Fund. (g) Where, owing to the stoppage of machinery, no work is available for an employee, deductions may be made by the employer from the wage of such employee for time lost in excess of two hours.
Provident Fund. It is reiterated that -
Provident Fund. The company shall contribute to the Provident Fund a monthly amount in accordance with the wage scale for each Officer and Cadet covered by this agreement while the officer/Cadet is engaged onboard. The Provident Fund shall be arranged in accordance with a special agreement between the parties. Statues for the Provident Fund will be established by the parties.
Provident Fund. 30. ADMINISTRATION AND INTERPRETATION OF AGREEMENT .......................................
Provident Fund. The Company and its employees jointly registered a provident fund scheme under the Provident Fund Act B.E. 2530. The Fund is contributed to by both the employees and the Company. The Fund is managed by UOB Asset Management (Thailand) Company Limited. This Fund is registered under the conditions of Ministry of Finance and the Fund is managed by the approved fund manager. For the years ended December 31, 2017 and 2016, the Company paid contributions to provident fund and recognized as expenses amounting to Baht 3.76 million and Baht 1.88 million, respectively.
