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Rule 26
Accumulation Fund
: (1) Every month, five percent amount shall be deducted from the salary received by the permanent worker or employee and the tea plantation shall add hundred percent amount to it and deposit it in the accumulation fund according to sub-rule (2) in his name.
(2) The manager of each tea garden shall set up a separate savings fund in his own tea garden to collect the amount as per sub-section (1). But the tea plantation can deposit such accumulated amount by opening separate accounts in the name of its workers or employees in the savings fund established according to the Employees' Savings Fund Act 2019.
(3) According to sub-rule (2), if the tea plantation establishes its own separate savings fund, it shall keep a separate account of each worker or employee.
(4) In case there is a labor relations committee, the management of the savings fund established according to sub-rule (2) and in the absence of such a committee, a committee consisting of representatives of managers, workers and employees will manage such fund. In tea plantations where there is a welfare officer, such an officer will work as the member secretary of that committee.
(5) According to sub-rule (1), the entire amount deposited in the savings fund in the name of any worker or employee shall not be withdrawn by such worker or employee without retiring from the service of the tea plantation.
(6) In case of death of a worker or employee during the service period, the amount accumulated in the savings fund of that worker or employee shall be given to the same person if the worker or employee wishes, and if there is no person desired by him or if the person he wishes also dies, to the nearest rightful person among the family members of the deceased worker or employee. will get If there is more than one such claimant, all the claimants will receive the amount accumulated in the accumulation fund in the name of the deceased worker or employee in the form of Damasahi.
(7) According to the regulations of the tea garden, the concerned workers or employees can take a loan up to a maximum amount of fifty percent from the amount accumulated in the savings fund according to this rule. In this way, until the loan amount taken by the worker or employee is repaid, one fourth of the amount will be deducted from the monthly salary of such employee and the loan amount will be paid.
(2) The manager of each tea garden shall set up a separate savings fund in his own tea garden to collect the amount as per sub-section (1). But the tea plantation can deposit such accumulated amount by opening separate accounts in the name of its workers or employees in the savings fund established according to the Employees' Savings Fund Act 2019.
(3) According to sub-rule (2), if the tea plantation establishes its own separate savings fund, it shall keep a separate account of each worker or employee.
(4) In case there is a labor relations committee, the management of the savings fund established according to sub-rule (2) and in the absence of such a committee, a committee consisting of representatives of managers, workers and employees will manage such fund. In tea plantations where there is a welfare officer, such an officer will work as the member secretary of that committee.
(5) According to sub-rule (1), the entire amount deposited in the savings fund in the name of any worker or employee shall not be withdrawn by such worker or employee without retiring from the service of the tea plantation.
(6) In case of death of a worker or employee during the service period, the amount accumulated in the savings fund of that worker or employee shall be given to the same person if the worker or employee wishes, and if there is no person desired by him or if the person he wishes also dies, to the nearest rightful person among the family members of the deceased worker or employee. will get If there is more than one such claimant, all the claimants will receive the amount accumulated in the accumulation fund in the name of the deceased worker or employee in the form of Damasahi.
(7) According to the regulations of the tea garden, the concerned workers or employees can take a loan up to a maximum amount of fifty percent from the amount accumulated in the savings fund according to this rule. In this way, until the loan amount taken by the worker or employee is repaid, one fourth of the amount will be deducted from the monthly salary of such employee and the loan amount will be paid.