superannuation at the age of 60 for men and 55 for women
and 55 years for those miners who are in mining occupation for at least 10 years immediately
preceding retirement. Old Age pension can not be allowed for more than 6 months retroactively
In the case of the death of an insured person. while in insurable
employment but after he had completed not less than thirty six months insurable
employment, the surviving spouse, if any, shall be entitled to a
life pension
An insured person who sustains invalidity shall be entitled to an [invalidity
pension] Provided that where the employee was insured under the provision of
this Act. contributions in respect of him were paid for not less than five years since
his entry into insurable employment and for not less than three years during the period
of five years preceding the month in which he sustains invalidity
In case the deceased of the surviving spouse in receipt of a survivor
pension. pension would be allowed to his minor children (boy till the age of
18) tobe distributed equally.
Pension to Parents
if the deceased pensioner is not survived by a spouse or children, the pension would
be paid to the parents for 5 years.
If an insured person, not otherwise. entitled to old_age pension,
retires from insurable employment after attaining the age of sixty years, or fifty_five
years in case of woman and a mine worker, and contributions in respect of him were
payable for less than fifteen years, but not less 4[than two] years, he shall be
entitled to an old_age grant payable in a lump sum