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