Hi, As I read this Point on official site of PMRPY "The eligible employer must have added new employees to the reference base of workers in order to avail benefits under the Scheme from August, 2016 onwards. The reference base of workers will be determined by the number of employees against whom the employer has deposited the 12% (3.67% EPF + 8.33% EPS) with EPFO as on 31st March, 2016, as ascertained/verified from the monthly ECR for March, 2016. For example, an establishment, say M/s ABC Ltd. had filed an ECR for the employers’ contribution for 45 employees/workers in March, 2016. In the month of April, 2016, the establishment has added, say, 15 new workers bringing the total of employees to 60, the employer will be eligible to apply for the PMRPY scheme benefits for these 15 new employees.
The employer will not be eligible to avail of PMRPY benefits if there is no new employment vis-à-vis the reference base in any subsequent month. The new employee, as mentioned in para 5(e) above, is one that had not worked in any EPFO registered establishment or had a Universal Account Number, in the past, i.e. prior to 01st April, 2016." So I want clarification about above article "In the time of registration of PMRPY of company have 25 employee and now we have only 10 employees so we are eligible for PMRPY benefits (EPS share) or not. will govt pay employer share in EPFO in that condition."
From India, Delhi
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
time of registration is not a cut off point,
cut off point is 1 april 2016 and the scheme gets applicable for afterwards
PMRPY is an incentive to boost NEW employment who draws GROSS salary below 15000
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