Hello All, I would request you to please share some insights or practice for introducing family relief fund. You could share your company guideline or policy practice
From India, Tumk%u016Br
1From India, Tumk%u016Br
Hi, It is a good thought process from the Management to work out a family relief fund for the deceased employee. I am giving an illustration for your understanding but you can apply your mind and form your own which is suitable to your company culture, management philosophy etc. It also depends upon the size of the total population and the salary level of employees.
Contribution can be fixed grade-wise as follows:
Mangers and above - Rs.500/- X No of persons
Executives - Rs.300/- X No of persons
Workers - Rs.200/- X No of persons
Total - Rs....................
An equal amount shall be contributed by the Management and the total collection shall be handed over to the legal heirs of the deceased.
While issuing the cheque or DD to the wife of the deceased employee, generally, it is better to get NOC from other legal heirs.
Always, there used to be a problem from the parents of the deceased employee claiming for a share. So, as far as the company is concerned, the wife of the deceased should get a NOC from other heirs.
Further, you can as her to execute an indemnity bond in favour of the company to protect the interest of the company in case of any dispute before any court of law claiming this amount by anyone else stating that they have a stake in that e.g. second wife or illegal wife etc.
Get an application from the Legal Heir to whom the benefit is to be paid request for financial support from the Company.
If you are not able to decide the authenticity of the legal heir, please advice the concerned legal heir to get a court direction.
From India, Chennai
Contribution can be fixed grade-wise as follows:
Mangers and above - Rs.500/- X No of persons
Executives - Rs.300/- X No of persons
Workers - Rs.200/- X No of persons
Total - Rs....................
An equal amount shall be contributed by the Management and the total collection shall be handed over to the legal heirs of the deceased.
While issuing the cheque or DD to the wife of the deceased employee, generally, it is better to get NOC from other legal heirs.
Always, there used to be a problem from the parents of the deceased employee claiming for a share. So, as far as the company is concerned, the wife of the deceased should get a NOC from other heirs.
Further, you can as her to execute an indemnity bond in favour of the company to protect the interest of the company in case of any dispute before any court of law claiming this amount by anyone else stating that they have a stake in that e.g. second wife or illegal wife etc.
Get an application from the Legal Heir to whom the benefit is to be paid request for financial support from the Company.
If you are not able to decide the authenticity of the legal heir, please advice the concerned legal heir to get a court direction.
From India, Chennai
If your establishment is covered under the state's Labour Welfare Fund (LWF) it's compulsory to contribute everymonth to the state's LWF. Pl.check your state's LWF act for compliance which will help in this direction.
I don't know what is your state. I attach herewith Kartanataka's LWF Act copy for your guidance.
From India, Bangalore
I don't know what is your state. I attach herewith Kartanataka's LWF Act copy for your guidance.
From India, Bangalore
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