The Coal Mines Provident Fund and Miscellaneous Provisions Act, 1948

Learn about the Coal Mines Provident Fund and Miscellaneous Provisions Act, 1948 which governs the establishment of provident funds for coal mine workers.

Coal MinesProvident FundSocial SecurityRetirement BenefitsDisability BenefitsFamily BenefitsPension Scheme

Summary

The Coal Mines Provident Fund and Miscellaneous Provisions Act, 1948 governs the establishment of provident funds for coal mine workers. It aims to provide social security to workers in coal mines and their dependents. Under the Act, employers in coal mines are required to contribute a certain percentage of their profits towards the fund, which is then distributed among workers as retirement benefits, disability benefits, and family benefits. The Act also covers the establishment of a Coal Mines Family Pension Scheme, which provides a pension to the family members of a worker in the event of their death. The Act has been amended several times since its enactment to expand its scope and improve the benefits provided to workers.

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