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1. This scheme may be called the Coal Mines Pension Scheme, 1998. 2. It shall come into force from such date as the Central Government may, by notification in the official gazette, appoint. 3. It shall apply to the employees of the coal mines to which the Coal Mines Provident Fund Scheme, 1948, the Andhra Pradesh Coal Mines Provident Fund ...
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COAL MINES PENSION SCHEME (EFFECTIVE FROM 31 ST MARCH 1998) PARTICULARS TO BE FURNISHED BY AN EMPLOYEE. 1. An employee eligible for pension under the provisions of sub-paragraphs (1) and (3) of paragraph 4, shall within a period of three hundred and sixty six days from the Appointed day or date of joining, as …
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Nov 11, 2022· Hyderabad: The All India Coal Pensioners Association is intensifying its agitation demanding reforms in the coal mines pension scheme, with a dharna to be staged at Jantar Mantar, New Delhi on December 5. According to a call given by D Ramchander Rao, president of the Singareni Retired Employees Welfare Association, …
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Coal Mines Provident Fund Scheme 1948 ; Coal Mines Deposit Linked Insurance Schemes 1976 ... the amount of monthly pension payable to such employee shall be determined on the basis specified in Schedule -2. 4. Where an employee, has not completed ten years of pensionable service on attaining the age of superannuation, or opts to leave service ...
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Mar 31, 1998· Section 2. Definitions. ( a) Act means the Coal Mines Provident Fund and Miscellaneous Provisions Act, 1948 (46 of 1948); ( b) appointed day means the date appointed under sub-paragraph (2) of Paragraph 1 of the Scheme; ( c) authorised officer means the Regional Commissioner or the Assistant Commissioner or any other officer …
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TO The Prime Minister of India Respected sir Pension of about 4.5 lakh coal industry retired employees (executives and non-executives) under Coal Mines Pension Scheme 1998 (CMPS-1998) has never been revised since its inception 18 years ago. As a result the pensioners get a pension fixed at the time of retirement for any number of years they live.
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09 March, 1948. An Act to make provision for the framing of a Provident Fund Scheme a [Pension Scheme]3 4 [a Deposit-linked Insurance Scheme] and a Bonus Scheme for persons employed in coal mines. 5 [* * *] It is hereby enacted as follows: Section 1. Short title and extent. 6 [ (1) This Act may be called the Coal Mines Provident Fund and ...
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5 (g) "member" means a member of the Fund.1[(h) "Pension Fund"means the Pension Fund established under sub-section (2) of section 3E; (i) "Pension Scheme" means the Coal Mines Pension Scheme framed under sub-section (1) of section 3E; (j) "superannuation‟, „in relation to an employee who is a member of the Pension Scheme, means the …
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2. The time within which the employees who are not members of the Family Pension Scheme under section 3E as it stood before the commencement of the Coal Mines Provident Fund and Miscellaneous Provisions (Amendment) Act, 1996 (hereinafter, in this Schedule, referred to as the amending Act) shall opt for the Pension Scheme. 3.
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As the coal industry collapses, miners face losing their, 24-07-2019 0183 32 Coal workers, in turn, are pushing Congress to pass the Miners Pension Protection Act, which would transfer federal funds into the troubled United Mine Workers of America UMWA 1974 Pension PlanBut even if lawmakers figure out a solution for the problems plaguing the …
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Amendment Act 23 of 1996-Statement of Objects and Reasons. -The Coal Mines Provident Fund and Miscellaneous Provisions Act, 1948 (46 of 1948) provides for the framing of a Provident Fund Scheme, a Family Pension Scheme, a Deposit-linked Insurance Scheme and a Bonus Scheme for persons employed in coal mines. The Act presently applies to …
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2 [3E. Coal Mines Pension Scheme.-(1) The Central Government may, by notification in the Official Gazette, frame a scheme to be called the Coal Mines Pension Scheme for the purpose of providing for- ... Scheme framed under the provision of sub-section (1) may provide for all or any of the matters specified in the Second Schedule.] 2. Subs. by ...
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b) An employee who was not member of Coal Mines Family Pension Scheme,1971 but was/is covered by Provident Fund Scheme and submitted option in Form PS-1. c) An employee who was a member of Coal Mines Family Pension Scheme,1971 and separated from the services of the Company on or after 01.04.1994 and submitted option in Form …
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Coal mines pension scheme 1998 form binq mining,dec 01, 2012 under coal mines pension scheme, 1998 of the total wages of the employee ps-2 form is the option form to join the pension scheme 1998 which is more detailed. ... coal mines pension schedule 2; coal mines regulations 1957 pdf; Contact Us. Need more additional information or …
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Define Schedule II coal mines. means the forty-two Schedule I coal mines listed in Schedule II which are the coal mines in relation to which the order of the Supreme Court dated 24th day of September, 2014 was made; Browse. Resources. About. Pricing. Contracts. Clauses. Dictionary. Resources. About. Pricing.
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(ii) Schedule II coal mines shall be the 1st day of April, 2015 being the date on which the allocation of coal blocks to prior allottees shall stand cancelled, in pursuance of the order of the Supreme Court dated the 24th September, 2014 passed in …
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'Schedule' means the Schedule annexed to the Scheme 'Section' means section of the Act. ... net assets of the Coal Mines Family Pension Scheme, 1971 as on the appointed day; an amount equivalent to two and one-third percent of the salary of the employee, being the aggregate of equal shares of the employee and the employer from their ...
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SCHEDULE 2 :- 2 SCHEDULE 3 :- 3 SCHEDULE 4 :- 4 COAL MINES PENSION SCHEME, 1998 Ministry of Coal, Noti. No. G.S.R. 123(E),dated March 5, 1998, ... This Scheme may be called the Coal Mines Pension Scheme, 1998. (2) It shall come into force from such date as the Central Government may, by notification in the Official Gazette, appoint.
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Jul 05, 2022· Coal India board will soon consider a proposal to voluntarily contribute Rs 10 to the Coal Mines Pension Fund for each tonne of coal sold. This will add at least Rs 600 crore to the Rs 13,000 crore fund, which is estimated to run out of money in eight years.
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If you worked for a coal mine construction company as of June 30, 1985, all your service prior to that date is assigned to the Construction Plan, and you will need to contact the Construction Workers' Pension Plan Administrator, HealthSmart, at (800) 624-8605 ext. 8894, to apply for your pension.
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2 SECTIONS. 11D. Act to have effect notwithstanding anything contained in Act 31 of 1956. 12. Repeal of Ordinance 7 of 1948. THE FIRST SCHEDULE—MATTERS TO BE PROVIDED FOR IN THE COAL MINES POROVIDENT FUND SCHEME. THE SECOND SCHEDULE—MATTERS TO BE PROVIDED FOR IN THE COAL MINES FAMILY …
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As per above scheme those who are member of a family pension 1971 and in roll on appointed day (i.e. 31.03.1998) they are automatic member of CMPS,1998 but the employee who was not a member of Coal Mines family pension scheme,1971 need to be opted the CMPS'98 through PS-1, while those who were member of Coal Mines Family pension …
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