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(b) 8basic aes means all emolments hich are earned by an em%loyee hile on dty or on lea'eor on holidays ith aes in either case in accordance ith the terms of the contract of em%loyment andhich are %aid or %ayable in cash to him, bt does not inclde"

(i) the cash 'ale of any food concessionnder this cheme, the member do not contribte any amont as contribtion. Eoe'er, the em%loyer %aysan amont e7al to .5I of the total aes %aid to the members as contribtion.

A%4i#i)tr$ti! Ch$r6!) /As reards Administrati'e chares, the em%loyer is re7ired to %ay an amont e7al to .1I of the aessb0ect to a minimm of ;s. 2J" %er month.

E"!4&tio# / 0S!'tio# 102A o( th! A't $#% P$r$ 27 o( E4&o3!!)*

D!&o)it Li#8!% I#)r$#'! S'h!4! , 19-

#he %ro'isions are a'ailable as %er S!'tio# 102Aof the Act and &$r$ 2701and 270of the $m%loyeesG:e%osit Fin=ed *nsrance cheme , 19? for rant of e+em%tion to an establishment or to an em%loyee or toa class of em%loyees as the case may be, from the o%eration of all or any of the %ro'isions of the cheme,here the Fife Assrance benefit of the cheme in the establishment is more beneficial than the benefits%ro'ided nder the stattory cheme.

I#)&!'tio# Ch$r6!) /An em%loyer of an establishment e+em%ted from the %ro'isions of the $m%loyeesG :e%osit Fin=ed *nsrancecheme is re7ired to %ay ins%ection chares at the rate of .5I sb0ect to a minimm of ;e.1J" %ermonth.

A))r$#'! :!#!(it /#he benefit %ro'ided nder the $m%loyeesG :e%osit Fin=ed *nsrance cheme is called Assrance Benefit.n the death of the member hile in ser'ice, the nominee or any other %erson entitled to recei'e thePro'ident nd benefits ill, in addition to the Pro'ident nd, recei'e the Assrance Benefit nder$m%loyeesG :e%osit Fin=ed *nsrance cheme .

S'$! o( A))r$#'! :!#!(it /rom 1"4"9/ onards the amont of Assrance Benefit %ayable is an amont e7al to the a'erae balancein the amont of deceased in the nd drin the %recedin 12 months or drin the %eriod of hismembershi% hiche'er is less, e+ce%t here the a'erae balance e+ceeds ;s. 25,J" amont %ayableshall be ;s. 25,J" %ls 25I of the amont in e+cess of ;s.25,J" sb0ect to a sellin of ;s. /5,J".

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#he orm %rescribed for claimin the Assrance Benefits nder the $m%loyeesG :e%osit Fin=ed *nsrancecheme, 19? , is For4 50IF.

.e.f. 24..2 the amont of benefits has been increased to ,J"