The Ministry of Labour and Employment Amends Schemes under the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952 to reduce the damages

The Ministry of Labour and Employment issued notification bearing G.S.R. 329(E), G.S.R. 327(E) and G.S.R 330(E) dated 14the June 2024 to amend Paragraph 32A of The Employees’ Provident Funds Scheme, 1952, Paragraph 5 (1) of the Employees’ Pension Scheme, 1995 and paragraph 8A of The Employees’ Deposit Linked Insurance Scheme, 1976 to reduce the damages recovered from the employer in case of non-payment of contribution to 1% of the arrears of contribution per month or part thereof.