BENEFIT AFTER RETIREMENT
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The ESI Scheme states that one should have been in insurable employment for a minimum period of five years immediately preceding their date of superannuation. The phrase "immediately preceding" is used to encompass those who have made continuous contributions fo...
Mr. V. Raghunathan,Thank you for replying. I would like to clarify that a person can avail of medical benefits after retirement by contributing a nominal amount, i.e., Rs. 10 per month or Rs. 120 per year. However, I am not aware of the full terms and conditions...
Dear Seniors,I have an employee who is covered under ESIC since his joining in the organization. Now, the said employee is being retired, and he wants to avail medical benefits from ESI after his retirement. However, to avail medical benefits, one should have a ...
There seems to be no case law because the facility is strictly for employees and not for those who are out of employment. This old age benefit is only an extension of the benefits. Therefore, courts cannot interfere and order that one should get it. As ESIIC has...
Dear Shri Madhu T.K.,Thank you for replying. Sir, we have written to the ESIC official about the break, but they denied it by saying that one should have a minimum of 5 years of contribution and there should be no break in between. Sir, could you please provide ...
Yes, after retirement, an employee can avail the facility of ESI Medical if he was covered under ESI continuously for 5 years during his entire service. It is not necessary that he is a member of ESI before the superannuation date. A total period of five years, ...
Dear Mr. Dinesh Kumar,For a person who is retiring from your company, any scheme that you suggest should have the approval of your Management. Please check the provisions of ESI. I have just referred to the PDF file that is posted alongside this message. Unfortu...
Sir,I am going to join a post for which the retirement age has been relaxed by the Government of India and the State Government up to 70 years. However, the entry point age should be over 35 and not more than 60\. Since I am joining the post at the age of 59, wi...
Yes, Gratuity as per PGA 1972 is payable after continuous service of 5 years. It has no correlation with age. So even if the entire service is after 60 years of age, say from 62-67 years of age, the gratuity is payable to him.
PF is not mandatory after 58 years of service. Gratuity and leave are to be provided. As regards any other retirement benefits, the position has to be verified from the applicable rules.