|No. It is only upon cessation of employment that a withdrawal claim for refund of contributions can be made. Changing from a company to another company in the same group is not considered a cessation of employment.|
Once a withdrawal is obtained, a member has to wait for five years from the date of cessation of employment relating to the last refund claim to make another withdrawal even if the employment changed.
No facility is available for such loans. However, under ‘Viyana’ Housing Loan Scheme, members can obtain housing loans at lower rates of interest.
1. Death benefits Scheme – Rs.100,000/=
2. Permanent disability benefits – Rs.200,000/=
3. Financial assistance for kidney transplant – Rs.300,000/=
4. Financial assistance for heart surgery – Rs.300,000/=
5. Reimbursement of cost of Intra-ocular lens implanted – Rs.30,000/=
6. Year 5 Scholarships award – Rs.15,000/= each for 9,000 children
7. “Shramasuva Rakawarana” – Reimbursement of hospitalization expenses – Rs.25,000/=
8. “viyana” Housing loan scheme – From Rs.100,000/= to Rs.2,500,000/=
9. Year five scholarships for children of ETF members who had to terminate employment due to permanent disability – Rs.15,000/= each
10. Educational grant for children of ETF members who pass the GCE(A/L) for higher education – Rs.12,000/= each for 5000 children
Loans are granted by NDB Bank subject to terms and conditions agreed upon with the ETF Board. Basic requirements for this benefit is having a minimum of five years’ continuous membership with the ETF and having the required balance in the member’s account. More details can be obtained from NDB Bank.
Only the member is eligible for ETF benefits. The only exception is Year Five Scholarship Benefit Scheme and financial grant for A/L students where members’
children get the benefit.
For all benefit schemes, the maximum age limit is 70 years.
|Yes. Members’ children who pass Year Five Scholarship Examination conducted by the Department of Examinations with higher marks qualify for financial awards of Rs. 15,000/-. The number of beneficiaries per year is 9000. In addition to this, 5000 children of ETF members who pass GCE (A/L) examination granted Rs.12,000/= for their higher education|
ETF Board will act solely on the basis of nominations made for EPF benefits. The Board will not accept any nomination made by members in respect of ETF dues, except in the case of Self-employed Member Scheme.
The Board will seek opinion of its Legal Division. The decision of the Board shall be final in determining payments to legal heirs of a deceased member..
No. A member is entitled to get only up to Rs. 50,000/- during his/her lifetime.