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spay:procguide:annual_procedure_prgf_flag_and_arrears [2020/05/19 09:09] mclement |
spay:procguide:annual_procedure_prgf_flag_and_arrears [2020/05/19 09:40] (current) mclement |
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| Step 6:Update columns PRGF Flag and Pension Scheme Flag | Step 6:Update columns PRGF Flag and Pension Scheme Flag | ||
| - | * Pension Scheme Flag with values Y (YES) or N (NO) - Pension Flag indicates whether retirement benefits of the employee are payable under the Statutory Bodies Pension Funds Act; or in accordance with a private pension scheme. | + | * **Pension Scheme Flag** with values Y (YES) or N (NO) - Pension Flag indicates whether retirement benefits of the employee are payable under the Statutory Bodies Pension Funds Act; or in accordance with a private pension scheme. |
| - | * PRGF Flag with values Y (YES) or N (NO) - PRGF Flag indicates whether the employer contributes or not to the PRGF for the employee. | + | * **PRGF Flag** with values Y (YES) or N (NO) - PRGF Flag indicates whether the employer contributes or not to the PRGF for the employee. |
| - | However, the PRGF Fund is applicable to all workers of the private sector, excluding: | + | **However, the PRGF Fund is applicable to all workers of the private sector, excluding:** |
| * (i) A worker drawing a basic wage of more than Rs200,000 a month; | * (i) A worker drawing a basic wage of more than Rs200,000 a month; | ||
| * (ii) A migrant worker or a non-citizen; and | * (ii) A migrant worker or a non-citizen; and | ||
| * (iii) A worker whose retirement benefits are payable under the Statutory Bodies Pension Fund Act or in accordance with a private pension scheme | * (iii) A worker whose retirement benefits are payable under the Statutory Bodies Pension Fund Act or in accordance with a private pension scheme | ||
| - | Possible values: - | + | To help you with the above flags, please find below some possible values:- |
| - | * A worker drawing a basic wage of more than Rs200,000 a month | + | * **A worker drawing a basic wage of more than Rs200,000 a month** |
| - | * **Pension Scheme flag (Yes) PRGF flag (No) or | + | __//Pension Scheme flag (Yes) PRGF flag (No)//__ or __//Pension Scheme flag (No) PRGF flag (No)//__ |
| - | * **Pension Scheme flag (No) PRGF flag (No) | + | * **A migrant worker or a non-citizen ** |
| - | + | __//Pension Scheme flag (Yes) PRGF flag (No)//__ or __//Pension Scheme flag (No) PRGF flag (No)//__ | |
| - | * A migrant worker or a non-citizen | + | * **Retirement benefits of the employee are payable under a Private pension scheme** |
| - | * **Pension Scheme flag (Yes) PRGF flag (No) or | + | __//Pension Scheme flag (Yes) PRGF flag (No)//__ |
| - | * **Pension Scheme flag (No) PRGF flag (No) | + | * **Retirement benefits of the employee are payable under the Statutory Bodies Pension Funds Act** |
| - | + | __//Pension Scheme flag (Yes) PRGF flag (No)//__ | |
| - | * Retirement benefits of the employee are payable under a Private pension scheme | + | * **Retirement benefits of the employee are payable neither under Private pension scheme nor under Statutory Bodies Pension Funds Act** |
| - | * **Pension Scheme flag (Yes) PRGF flag (No) | + | __//Pension Scheme flag (No) PRGF flag (Yes)//__ |
| - | + | ||
| - | * Retirement benefits of the employee are payable under the Statutory Bodies Pension Funds Act | + | |
| - | * **Pension Scheme flag (Yes) PRGF flag (No) | + | |
| - | + | ||
| - | * Retirement benefits of the employee are neither payable under Private pension scheme nor under Statutory Bodies Pension Funds Act | + | |
| - | * **Pension Scheme flag (No) PRGF flag (Yes) | + | |
| After the Excel file is updated, Save and close the file | After the Excel file is updated, Save and close the file | ||