Administration Manual - B.E.S.T. Undertaking.

iv) Nominee Pension
Forms to be submitted by members
The following forms have been prescribed to be submitted under the
Employees’ Pension Scheme 1995.
i) Form No. 2 : To be used for furnishing the particulars of the family of
the member and nominee.
ii) Form No. 10 C : To be used for claiming withdrawal benefit.
iii) Form No. 10 D : To be used for claiming monthly pension/ scheme
certificate.
GROUP INSURANCE SCHEME
BEST Undertaking has adopted Group Insurance Scheme of
LIC in lieu of E.D.L.I. All employees of the Undertaking who are
members of Provident Fund are covered under Group Insurance
Scheme. BEST Undertaking pays annual premium to LIC against
Group Insurance Policy. After submission of death claim of
deceased employee of the Undertaking Nominees / Legal heir of the
deceased employee gets the benefit of Rs. 62000/- from LIC under
this scheme.
INVESTMENTS FROM THE B.E.S.&T. UNDERTAKING PROVIDENT FUND:-
The subscription / contribution amount deposited in the
Provident Fund along with Non-Contributory Provident Fund
contribution of members is invested in Central / State Govt.
guaranteed bonds , PSU bonds etc. as per Investment pattern
notified by CPFC from time to time. The interest on the
investments made and the maturities received during the year are
reinvested. The investible PF fund is worked out and investment as
per the notified pattern is made by Supdt. Cash as per the
500