This is an old revision of the document!


Illustrations of indemnities in cases of Resignation or Termination when a worker is contributing to PRGF or Private Pension Scheme

  • Cases of Resignation or Termination must be processed via Employee –> Leaver

Worker contributing to PRGF

Indemnities in cases of Resignation (which includes cessation of work, abandonment of work or breach of contract)

  • End of year bonus on the basis of 1/12th of earnings, if the worker has been in continuous employment for 8 months during the year he resigned(worker up to Rs100,000 per month)
  • Refund of accumulated annual leave(worker up to Rs600,000 per annum)
  • Contributions for past services to the PRGF on the basis of 4.5% of the last monthly remuneration X number of months worked with the present employer as from January 2020 up to the first date of contributions.
  • Shortfall of contributions to the PRGF as communicated to the employer by the Administrator

Indemnities in cases of Termination

  • Refund of Accumulated annual leave(workers up to Rs600,000 per annum)
  • Outstanding current annual leave, except in case of termination of employment on grounds of misconduct.(workers up to Rs600,000 per annum)
  • End of year bonus on the basis of 1/12 of earnings(workers up to Rs100,000 per month)
  • Contributions for past services to the PRGF ( 4.5% of the last monthly remuneration)
  • Shortfall of contributions to the PRGF as communicated to the employer by the Administrator

Views
Personal Tools