A worker is retired but the factory needs that person, whether the worker can be re-hired, what to do for his insurance.
From India
From India
5967
Respected All,
A skilled factory worker retired at the age of 58. But he is a very important for the organization /factory. Therefore, the management has decided to keep him on cash payment and how can he be insured. Also we Cannot deduct his pf and EsIc in cash payment. However, in which insurance can it be covered?
Factory is also covered in ESIC.
Sanjay
From India
A skilled factory worker retired at the age of 58. But he is a very important for the organization /factory. Therefore, the management has decided to keep him on cash payment and how can he be insured. Also we Cannot deduct his pf and EsIc in cash payment. However, in which insurance can it be covered?
Factory is also covered in ESIC.
Sanjay
From India
Dear Sanjay,
So far as I know, there is no age limit for coverage of ESI. When the salary of an existing member/employee exceeds the threshold during the contribution period, contribution is to be made on the actual salary till the end of the contribution period and only afterwards he would cease to be a member by virtue of his higher salary.
Of course you can reemploy a retired employee but why should you prefer to pay him in cash? How will you account for it?
Any way, in such a situation, you can take an insurance policy under the Employees Compensation Act,1923 provided his salary is more than Rs.21000-00 pm.
From India, Salem
So far as I know, there is no age limit for coverage of ESI. When the salary of an existing member/employee exceeds the threshold during the contribution period, contribution is to be made on the actual salary till the end of the contribution period and only afterwards he would cease to be a member by virtue of his higher salary.
Of course you can reemploy a retired employee but why should you prefer to pay him in cash? How will you account for it?
Any way, in such a situation, you can take an insurance policy under the Employees Compensation Act,1923 provided his salary is more than Rs.21000-00 pm.
From India, Salem
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Average annual hours actually worked per worker.rar
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NOTIFICATION_PF _INTERNATIONAL WORKER.pdf