family pension act?
Answers
Answer:
What is a pension act?
(a)'Act' means the Employees' Provident Funds and Family Pension Fund Act,1952 (19of1952). (b)'family means- (i)wife' in the case of a male member of the Family Pension Fund; (ii) husband in the case of a female member of the Family Pension Fund; and (iii) minor sons and unmarried daughters of a member of the Family Pension Fund.
Explanation:
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Answer:
Family pension is defined as a regular monthly amount which an employer will pay to a person who belongs to the family of the employee in the event of the death of the employee. There is an underlying difference between a pension and family pension. Pension is paid to an employee when he is still alive whereas family pension is paid to a nominee or heir of the employee when the employee is no more alive.
Family pension is defined as a regular monthly amount which an employer will pay to a person who belongs to the family of the employee in the event of the death of the employee. There is an underlying difference between a pension and family pension. Pension is paid to an employee when he is still alive whereas family pension is paid to a nominee or heir of the employee when the employee is no more alive.Let us know, what is Family Pension? Family Pension is the grant provided to the family of a Government employee in the event of his in-service death. It is also provided after the retirement of the deceased employee if he was on the date of death in receipt of a pension or compassionate allowance.