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Restrict payment of
pension where contribution has not been paid by the employers
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Amnesty for fresh
registration and correct declaration of employees with payment of correct
contribution
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The information of
contribution for State Pension Scheme not to be utilized for any other law
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Simple pension scheme
based on fixed contribution and benefits to be made
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Actuarial Valuation to
be made every three years
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No change in
contribution and benefit or other provisions having financial implications to be
made without actuarial valuation
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The Board may co-opt
any person having special technical knowledge and skill in relevant field like
actuarial valuation, investment management, information technology etc. for
specific purpose. He may attend as many meeting as required by the Board.
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CONSENSUS ON THE FOLLOWING
ISSUES HAS YET NOT BEEN EVOLVED |
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Introduce
penalty for misuse of self-assessment
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Accord power to
collect information for determination of number of employees or wages being paid
from authorities concerned
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Accord power to recover contribution from Directors where the
same can not be recovered from the Private Limited
Companies
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Universal
self-assessment scheme with provision for test-check of cases selected on the
basis of parameters
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