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Indemnity payable in case of Resignation or Termination when a worker is contributing to PRGF or Private Pension Scheme

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

Worker contributing to the PRGF

Indemnity payable to a worker in case 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

Indemnity payable in case 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

Worker contributing to a Private Pension Fund

Indemnity payable to a full-time/part-time worker in case of termination of employment by the employer

  • End of Year Bonus on the basis of 1/12th of earnings(worker drawing up to Rs100,000 per month)
  • Refund of accumulated annual leave(worker up to Rs600,000 per annum)
  • Refund of current annual leave, except in case of misconduct(worker up to Rs600,000 per annum)
  • Contributions for past length of service on the basis of 15 days’ remuneration X No of months of service/12 for the period contributions were not made to the Private Pension Fund as from the date of entry – contributions to be made to the MRA

Indemnity payable to a full-time/part-time worker in case 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 remained in continuous employment for at least 8 months during the current year (workers up to Rs100,000 per month)
  • Refund of accumulated annual leave(workers up to Rs600,000 per annum)
  • Contributions for past length of service on the basis of 15 days’ remuneration X No of months of service/12 for the period contributions were not made to the Private Pension Fund as from January 2020 – contributions to be to the MRA

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