To Seniors,
A retired/ex-employee continues to be the outlet manager but on a retainership basis. All his dues are cleared, which he was entitled to upon retirement. A signed contract of retainership states that in the contract letter, he is designated as the OUTLET MANAGER. He shall be responsible for recruiting staff for his assistance and training them to achieve sales. The contract is signed by the company with a retainer for a period of one year. His role is to manage the outlet and report every business development to management. He is paid fees along with a fixed conveyance allowance.
Does he come under the purview of the Provident Fund Act? If yes, will he contribute only to funds or also to a pension?
Please advise.
Thanks,
Laxman Kambli
[Phone Number Removed For Privacy Reasons]
From India, Chicalim
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2A retired/ex-employee continues to be the outlet manager but on a retainership basis. All his dues are cleared, which he was entitled to upon retirement. A signed contract of retainership states that in the contract letter, he is designated as the OUTLET MANAGER. He shall be responsible for recruiting staff for his assistance and training them to achieve sales. The contract is signed by the company with a retainer for a period of one year. His role is to manage the outlet and report every business development to management. He is paid fees along with a fixed conveyance allowance.
Does he come under the purview of the Provident Fund Act? If yes, will he contribute only to funds or also to a pension?
Please advise.
Thanks,
Laxman Kambli
[Phone Number Removed For Privacy Reasons]
From India, Chicalim
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Employee Provident Fund and MP Act, 1952.pdf
Provident Fund Act.ppt