For New Entrants: • Enrolment: An employee is eligible for membership from the day he joins the covered establishment. • If the employee’s emoluments exceed Rs. 6,500/- per month, he has the option to join the Scheme(s) with the consent of employer. • Declare previous employment details, if any, in Form No. 11 to the employer. • On becoming a member of the Schemes file details in Form No. 2 ( family particulars/ nominations) through the employer. • Rate of contribution payable by a member shall be @ 12% of his emoluments. • A member can contribute statutarily over and above the prescribed rate. For Existing Members: • Enrolment: • Any change in the family status, such as, -
o marriage of the member. o additions / deletion in the family. o Legal adoption of the children. o Change of nominee, is to be filed in Form No. 2 through the employer. • In the event the member is holding a Scheme Certificate (under EPS, 95), he should surrender the same to the concerned EPFO office, through his employer. • A member is entitled to various benefits & facilities such as withdrawals, advances, pensions, death insurance etc.
Coverage • Establishments employing 20 or more persons and engaged in any of the 180 industries / Classes of Businesses specified. • Co-operative Societies, employing 50 or more persons & working without the aid of power. • Establishments not coverable statutorily can come under the coverage of the Act statutorily. • An establishment continues to be covered under the Act, irrespective of the fall in the employment strength. • Since the Act applies on its own force to the establishments, the employers are required to file the particulars in the specified format for registration and allotment of business number.
For more info: - http://www.epfindia.com/faq.htm http://www.epfindia.com/legel_provision.htm Regards,