ESIC Compensation and Pension Inquiry
Could someone please help me with a question regarding ESIC compensation or ESIC pension? If an employee has an accident on the first day and is receiving minimum wages (3510) per month, how will his pension be determined? His age is 22 years.
Regards,
From India, Lucknow
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11Could someone please help me with a question regarding ESIC compensation or ESIC pension? If an employee has an accident on the first day and is receiving minimum wages (3510) per month, how will his pension be determined? His age is 22 years.
Regards,
From India, Lucknow
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To determine the ESIC pension for an employee who has had an accident on the first day and is receiving minimum wages, the calculation involves considering the Average Daily Wage (ADW) and the number of days for which the employee is eligible for the pension. In this case, with a monthly wage of 3510 INR, the ADW can be calculated by dividing the monthly wage by 30 (assuming a 30-day month).
The ESIC pension is typically 90% of the ADW, subject to a minimum of 25 INR per day. Since the employee is receiving minimum wages, the pension amount would be calculated based on this minimum threshold. Additionally, the age of the employee is a factor in determining the duration for which the pension will be paid.
It's important to refer to the specific provisions of the Employees' State Insurance Corporation (ESIC) Act and related regulations to accurately calculate the pension amount in this scenario. For precise calculations and eligibility criteria, consulting with ESIC authorities or legal experts familiar with labor laws in India would be advisable.
From India, Gurugram
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The ESIC pension is typically 90% of the ADW, subject to a minimum of 25 INR per day. Since the employee is receiving minimum wages, the pension amount would be calculated based on this minimum threshold. Additionally, the age of the employee is a factor in determining the duration for which the pension will be paid.
It's important to refer to the specific provisions of the Employees' State Insurance Corporation (ESIC) Act and related regulations to accurately calculate the pension amount in this scenario. For precise calculations and eligibility criteria, consulting with ESIC authorities or legal experts familiar with labor laws in India would be advisable.
From India, Gurugram
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