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Access to Pension Trust Deed

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Jayanta Bandyopadhyay

418 Points Posted on 06 October 2023

Based on union -mgt bipartite wages settlement, one pension fund will be set up where contrribution amt will be deducted from employee salary [ no matching contribution from employer ] and be deposited with Lic. Can an unionized employee being a beneficiary demand a copy of Trust Deed, duly recognized by Income Tax Dept. It also gives tax benefit u/s 80c. Employer is denying to share a copy. Please guide under which law employee can demand a copy. After all it is his contribution out of own salary

Replies (2)

Quick Summary

An employee contributing to a pension fund, set up via a union-management agreement, has a right to access the Trust Deed. This is despite the employer denying access. The employee's contributions are deducted from their salary and deposited with LIC, offering tax benefits under Section 80C. The employee can demand a copy of the Trust Deed under trust law, income tax regulations, and the terms of the bipartite settlement.

Jayanta Bandyopadhyay

418 Points Posted on 08 October 2023

Seeking an urgent response. Rgds

Aashok Kumar Sharma

Finance/Compliance Consultant

75664 Points Posted on 04 November 2026

An employee has a rightful claim to access the Pension Trust Deed under trust law principles, income tax compliance norms, and union bipartite settlement terms, making the employer's denial legally untenable.